Tag Archives: Self-Employed

Delivering Newspapers

Today TaxMama® hears from Trina in the Tax Quips Forum who wasn’t an employee. “I started working for a newspaper company over the summer of 2011, delivering papers to homes using my own vehicle. The company did give me company checks, but they did not take any taxes out. I believe they called their employees […]

From 1099 to W-2

Today TaxMama hears from Trisha in the TaxQuips Forum with good news. She says, “Recently I took a contract job starting out as a 1099 self-employed contractor. After 6 weeks, the company asked me to come on board permanently as a W-2 employee. I was taking out my own taxes for the first 6 weeks […]

IRS Wants YOUR input – About Expanded 1099 Reporting

[TaxMama Note: I have heard a lot of griping about the proposed requirement to have businesses issue 1099s to absolutely everyone for everything. If you don’t like it – SPEAK UP NOW! Not to me, but where it counts – to IRS. Here’s how.] IRS Requests Public Input on Expanded Information Reporting Requirement  WASHINGTON — […]

2008 Self-Employed

Today TaxMama hears from Aaron in the TaxQuips Forum, who wants to know. “Can  I file taxes for 2008 on my own? If so what forms should I use? I was self employed and didn’t file an extension.” http://taxmama.wpengine.com/forum/taxquips/year-old-taxes Rita Lewis replies to Aaron. Rita is an Enrolled Agent in Connecticut. She says, you can […]

Job and Business

Today TaxMama hears from Jessica in Texas with a sensible question. “I have a full-time job that collects taxes, etc. I am considering starting a small business on the side. If I do, will I need to file separately from the full-time gig taxes on a quarterly basis? I can’t seem to find a good […]

2009 Annual SB/SE Customer Base Survey to Begin

The Small Business/Self-Employed (SB/SE) division of the IRS will begin conducting its annual telephone survey of taxpayers starting January 21, 2009 and running through mid-April, 2009. This survey is targeted to small business and self-employed taxpayers who file certain income tax forms, including: 1120, 1120A, 1120S, 1065 and 1040 with schedules C, E or F. […]

Excess Lease Mileage

Today TaxMama hears from Kelli in Michigan with this question. “I am currently self-employed and will have over $3,000 in mileage charges due on my lease when I turn the car in next year. When I file my 2008 tax returns, however, I will no longer be self-employed. Although I won’t be billed and pay […]

Tax Challenges of Business Income

Courtesy of IRS – FS-2008-20, April 2008 WASHINGTON—Internal Revenue Service research indicates that understated business income contributes significantly to the tax gap, with the majority understated by small businesses. To assist small business and self-employed taxpayers better understand their reporting obligations, this fact sheet addresses the issue of income and how to determine gross income. […]

Excess Roth Contribution

Today TaxMama hears from TC a MarketWatch reader, who says “It turns out my income has been to high for me to use a Roth IRA contribution for years. But my tax pro didn’t catch this error – and now I am over-contributed for several years and will face a 6% penalty for each year […]

Self Employment

Today, Dina from Santa Barbara, CA moans, “Help! We owe $14,000.00 in taxes this year. My husband has a small business and only made $61,000.00. What happened? How can one live and provide for a family of four on that? Now our savings are gone.”