Today TaxMama® hears from Stephanie who is getting asked these questions by her team of writers and websites. “Who should be sending out 1099s? And what do we do about those 1099-Ks?”
This year, people in business or selling on eBay will be getting 1099s from both their banks (or PayPal) and their customers. Often, those 1099s will overlap, telling the IRS that you received much more money than you really earned. There is a trick to reporting these 1099s that will help you avoid audit, while […]
Today TaxMama® hears from Andrea in the TaxQuips Forum who needs help. “My husband and I are trying to set up a turnkey small business and need a virtual terminal to run credit card information. Because of our bad credit history we are being rejected with our current SSNs. Do you think if we were […]
Today TaxMama® hears from Judecat in the TaxQuips Forum who is helping a sick friend. Without going into detail – “Judecat is selling his personal treasures on eBay because he is too ill and doesn’t have access to the Internet. She wants to know the tax implications.”
November 17, 2011 Tax Roundtable TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you can listen and SEE the session and forms. Today’s topics included:
Today TaxMama wants to talk to you about Affiliate Marketing. Yesterday, I was interviewed by Lisa Picarille for her Geekcast.fm broadcast and the Performance Marketing Association website. You may not be familiar with this entire universe of opportunities to make some decent money. Let me tell you about it.
Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry. “I read in a Washington Post article that eBay will now start sending sellers with more than 200 transactions a 1099-K form so that they have to pay taxes on their eBay selling. I have over 200 transactions. Because I buy most of […]
Today TaxMama hears from Teresa in Tennessee who blundered “I need to start paying estimated taxes; but it is too late to make the 1st quarter payment for this year. Can I start with the 2nd quarter?”