April 6, 2011
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Today TaxMama hears from Jenna in the TaxQuips Forum, who needs help. “I work as a cosmetologist. I am considered self-employed and rent a chair in a local salon. I give free haircuts throughout the year during my normal business hours. Could these haircuts be tax deductible? If so, would they be considered advertisement or [...]
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March 30, 2011
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Today TaxMama hears from Pam in the TaxQuips Forum, with a good question. “1 purchased 1 new vehicle in 2010 that is used for both of my businesses (Sch C). How do I allocate the new vehicle Sec 179 deprecation expense to both businesses?”
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