Business Taxes

Red Flag on Business

December 8, 2011

Today TaxMama hears from RW in the TaxQuips Forum who is concerned about the new 1099-K reporting. “I am faced with either closing my e-commerce accounts or getting a tax ID number. I have no problem getting the number and making my business legitimate. But will this send up a red flag to the IRS [...]

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Cannot Get Refund

December 5, 2011

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Today TaxMama hears from Geoff in the TaxQuips Forum who is frustrated. To make a long story short (you can read the long story here), Geoff didn’t file his tax return on time because he couldn’t afford to pay for the preparation fees. When he filed, more than three years later, IRS denied [...]

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Not a Corporation

April 7, 2011

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Today TaxMama hears from Jeff in the TaxQuips Forum, who is unclear on the concept. Let’s look at just a portion of what he said. Jeff said, “My S-Corp does not have a separate checking account.” Share this:

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Owing Employment Taxes

March 23, 2011

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Today TaxMama hears from Ryan in the TaxQuips Forum, who recently got a shock. “My wife and I purchased and ran small business about 3 years ago for a period of exactly 6 months. We decided to give the business back to the owner we bought it from because we could no longer afford to [...]

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TaxMama’s® 10 Tips for Business Success

January 8, 2011

Running a business or a department is complex, with innumerable people and government agencies pulling on you from all directions. With the endless demand for reports, it’s amazing that anyone is actually able to get work done, produce a product or finish a project. Yet, we do, don’t we? And we do it well. In [...]

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What Happens If You File a Business Income Tax Return After Sept 15?

September 16, 2010

Guest article by Wayne M. Davies Author of the free report One Simple Step. The due date for business income tax returns on extension is September 15. If that date has passed and you still haven’t filed a return for your corporation, partnership or LLC that is being taxed as a corporation or partnership, what [...]

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H&R Block Radio Show – Tax Tips for Bloggers, Writers, and Journalists

March 29, 2010

Tax Tips for Bloggers, Writers and Journalists Read the script here: PROGRAM 2: Tax Tips for Bloggers, Writers and Journalists Originally aired: Thursday, March 25 11:30 – 12:30 EDT Introduction – Tax Mama Welcome and Introductions o Thanks for joining o Introduce hosts: § Chris Wilson, Master Tax Advisor o Wilson has been a master [...]

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TaxMama’s® Tax Optimization Secrets

March 10, 2010

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[This Special Report is only for TaxMama Family Members and Prime Members. It is a transcript of a special session just for members of Alex Mandossian's courses.] By Eva Rosenberg, MBA, EA WHY is tax optimization so important to help you achieve greater success? You are here at Alex Mandossian’s TeleSeminar Secrets course because you [...]

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NOL carryforward

January 6, 2010

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Today TaxMama hears from Judy in Washington state, with this question. “Could you please tell me how long a 1995 net operating loss can be carried forward?” Share this:

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Home Warranty

December 2, 2009

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Today TaxMama hears from James in Florida with this question. “I’m a licensed Realtor ® in Florida. If I purchased a home warranty plan for a buyer as a gift at closing, could I deduct the cost from my taxes at years end?” Share this:

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