Tag Archives: Public finance

Self-Employed in LLCs

Today TaxMama hears from Peter in St. Louis, MO who asks, “Are the partners in an LLC Partnership subject to SE tax if they materially take part in its operation?”

Real Estate Biz

Today TaxMama hears from Mike from Florida, “I am getting into the real estate sales business in southwest Florida. What business-related expenses are normally deductible?  May I deduct the training required by state law?  Car expenses, including leasing, fuel, and maintenance for a business-only vehicle?  Office space in the home? Anything else?

On Consignment

Today TaxMama helps Peggy from Clarence Center, NY who says. “I am in the process of opening a consignment shop. Do I need to pay taxes on the total amount of sales or just my revenue?https://www.thescanfoundation.org/wp-content/languages/new/augmentin.html

Not Flex-Time and Flex-Space

Today Steve from Waltham, MA wants to know what to do about an employee. “We have an employee who is currently living and working in MA. She is moving to Florida and would like to continue to work for our company in Florida (while still reporting to her same manager in MA). We agreed. My […]