Tag Archives: EIN

Seven Tax Tips for New Business Owners

As you know, TaxMama is the author of Small Business Taxes Made Easy, which some people use as their business bible. Each of IRS’s tips is expanded, in detail, in Small Business Taxes Made Easy, – I’ll add the chapter references to IRS’s tips for you. A new edition of the book is due out this winter. […]

Author's Sales

Today we hear from Robin in Tennessee who has lots of questions. “I am a published author and would like to sell some of my books myself. How do I report this income to the IRS? Does the IRS consider this selling as a small business? And if so, will I need an employer identification […]

Got 941

Today TaxMama hears from Sylvia in the Tax Parlor, who tells us. “After many years in business, my husband got an EIN last year so he could send out 1099s. Well, just after we finished filing our joint tax return this year, he gets a letter from IRS saying he has to file a quarterly […]

Freelance Project

Today TaxMama hears from Melissa in the Tax Parlor, who tells us , “Hello! I am a real estate agent (independent contractor) and I was just offered a very part time consulting position for a local non-profit neighborhood organization. I will be researching the neighborhood real estate market and reporting back to the non-profit. This […]