The EIN Reference Number 101 simply means that they’ve found an existing business entity with a name that’s the same as, or too similar to, your LLC name. This can happen because while the state you registered your LLC in doesn’t have a business with a similar name to yours, there is another one in another state.
What is line 101 on my tax return?
Line 101 Tax Return This line item is always asked by the CRA. However, when verifying your identity on the phone with them, they may ask for this line item along with Line 10400, 10500 etc. In addition, Line 101 (10100) can also help you be verified when logging into your My CRA Account.
Where do I find line 10100 on my tax return?
Line 10100 of your tax return is on the second page of the T1 General form, in Step 2. It is typically the first box listed on any province or territories’ return in the section called “total income.”
What do the numbers in my tax code mean?
The numbers in your tax code tell your employer or pension provider how much tax-free income you get in that tax year. HMRC works out your individual number based on your tax-free Personal Allowance and income you have not paid tax on (such as untaxed interest or part-time earnings).
How is a 1031 exchange taxed?
Although most swaps are taxable as sales, if yours meets the requirements of 1031, you’ll either have no tax or limited tax due at the time of the exchange. 1 In effect, you can change the form of your investment without (as the IRS sees it) cashing out or recognizing a capital gain. That allows your investment to continue to grow tax-deferred.