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North Las Vegas Nevada Form 4684: What You Should Know

If your business isĀ  a sole proprietorship: When you're a sole proprietor your receipts and deposits usually don't have to be filed until you have more than one personĀ  engaged in the business. If the business is a partnership or firm, your receipts and deposits usually have to be filedĀ  as soon as one of the partners or partners in the firm, or more than one of the partners in the partnership, isĀ  engaged in the business. For example, if a partner in a firm, or more than one partner in the firm, isĀ  engaged in the business, you'll have to file your receipts and deposits as soon as the partnership partners agree toĀ  pay all taxes and withholding. When one of your partners becomes disinterested or is no longerĀ  engaged in the business, the business is considered liquidated. See Chapter 602 of the Nevada Tax Guide ( )Ā  for more information on how to liquidate your business. If your business is an S corporation or a partnership-- If your business is an S corporation or a partnership, the partnership's records will be used to calculate deductions forĀ  you to use in setting up your deduction for losses. If you are a partner, you must file Form 4684-A. If you are anĀ  employee, your employer will determine whether your deductions are to be taken or not.

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