SSN or EIN
Posted 25 January 2011 - 11:30 PM
Posted 26 January 2011 - 11:17 AM
I invoice based on whatever pays the quickest or is easiest for production to get set up but as you know every client is different. It seems like most of the studios pay personally by payroll but they want the kit on a corp or at least an invoice.
Your mileage may vary.
Posted 26 January 2011 - 12:50 PM
I always give them my EIN, but only because I didn't know better. =)
A couple of people have questioned, it, but I didn't know enough to argue it. and didn't know if I SHOULD argue it.
Posted 26 January 2011 - 05:52 PM
Actually, it could shoot you into a higher tax bracket.
so... what's the benefit of using my EIN for rental? Is there less tax on rentals?
I doubt that there is less tax on it, but if you report the rentals on your SSN which then should 1099 Misc Income and there for is non-taxed income that will increase your personal tax liability.
I don't think so, you may have some state incentives for business, but its cleaner and helpful to know the difference of what was wages and what was business income. Not to mention if you ever incorporate your business, your already in the custom of separating the two.
-Alfeo "NOT a CPA, but I've see one played on set"