Thread: Tax info
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Old Tue Apr 11, 2006, 09:22pm
grizwald grizwald is offline
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Join Date: Dec 2005
Location: Indianapolis, IN
Posts: 50
Quote:
Originally Posted by Indy_Ref
What would be my principal business code?

Good question. Maybe someone here might have some better ideas but from the lists I have these might be good choices:

561900 - Other support services
711210 - Spectator sports
711510 - Independent Artists, Writers and Performers
611000 - Educational services
999999 - Unable to Classify

I think the service just uses the business codes to compile data. While putting a code in is required (I think), there is no requirement that you put the exact code that they would want to see (that I'm aware of). I've NEVER had an IRS auditor even mention the business code I used, much less questioned whether or not it was "correct".

Mike Clark
Certified Public Accountant
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