If it's a C Corp you will pay double tax. If it's an S Corp or LLC any income that it earns goes to you and it doesn't help you any more than just earning the money without a Corp.And if you have 10 bank accounts but only report one of them Jersey Care will only know about that one. Obviously that's illegal...
By law I have heard from the LRRC that you do not need to report biz bank account to jersey care only personal. Income though would need to be reported of course.
So Ap from wife's cc to business account back to cc is not income and does not violate any rules when not reported.
might need to have a business ap account to be super safe...Btw whats a good option for a free business checking account?
Capital one on Airport road. First commerce bank on rt 9.
1. Why would anyone do business with CrapitolOne? "Dans Fan" should know better ;-)
I am realizing that if my shver wants to give me money he can also load my bluebird card which would not be a JC issue.
And if you have 10 bank accounts but only report one of them Jersey Care will only know about that one. Obviously that's illegal...
Have a relative with a pre-existing condition. He is seriously considering moving to NY...(bochur)is there a refferal service in brkln that can advise how to apply for gov health insurance and how long the process will take?
I was told that BB is considered a regular account and therefore would be considered an issue for JC
Any account that they are told of its existence is an issue
That is true but I think they can access any account that's under your name.
Jersey Care is changing and will now be covering Dental! http://www.njfamilycare.org/default.aspx