bank account – TaxMama.com

AskTaxMama Newsletter, Tax Quips, Accounting Method, Accrual Basis, Auto Expenses, bank account, Bookkeeping, Business, Business Expenses, Business Taxes, Corporations, Estates and Trusts, Estimated Taxes, Form W-2, listed property, partnership, Payroll, Record Keeping, Sales taxes, State Taxes, Tax Professionals

Business Tax Returns

Posted on September 8, 2015February 22, 2016 by TaxMama

08
Sep

Today TaxMama® wants to talk about the upcoming tax filing deadline on September 15th for calendar year entities. Returns that are due include partnerships, corporations – C & S, certain estates and trusts. It’s important to know what to get ready for your tax pro or you.

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*Tax Quips, Accepting Credit Cards, bank account, Business, Credit Problems (FICO), Incorporation, Merchant Accounts (banking), partnership

Qualifying for a Merchant Account

Posted on September 11, 2012 by TaxMama

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 […]

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*Tax Quips, bank account, Investments, IRAs

Double-Dip IRA

Posted on October 6, 2011October 6, 2011 by TaxMama

Today TaxMama hears from Mike in the Tax Quips Forum, who is unclear on the concept. “My 7 month certificate of deposit (in an IRA) will expire in November 2011. I used this money as a tax deduction for 2010. If I re-invest in another 7 month CD, at the same bank, can I use this […]

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*Tax Quips, bank account, Baseball cards, Basis, Capital Assets, Collectibles, Estates and Trusts, Inheritance

Selling Baseball Cards

Posted on June 7, 2011December 28, 2021 by TaxMama

Today TaxMama hears from Richard in the TaxQuips Forum who tells us.https://libertyjuice.com/wp-content/languages/new/xifaxan.html “My family is selling my father’s baseball card collection.https://libertyjuice.com/wp-content/languages/new/viagra.html We are expecting to receive approximately ,000.buy augmentin online alvitacare.com/wp-content/languages/new/where/augmentin.html no prescription If the buyer writes me a check and I deposit it into my account; then I write a check for […]

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*Tax Quips, bank account, Bookkeeping, Business, Business Expenses, Business plan, Business Taxes, Entities, Incorporation, Record Keeping

Not a Corporation

Posted on April 7, 2011November 5, 2021 by TaxMama

Today TaxMama hears from Jeff in the TaxQuips Forum, who is unclear on the concept. Let’s look at just a portion of what he said. Jeff said, “My S-Corp does not have a separate checking account.”

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*Tax Quips, bank account, Bankruptcy, Casualty loss, Deductions

Loss Due to Bank Failure

Posted on March 14, 2011November 5, 2021 by TaxMama

Today TaxMama hears from Elizabeth in the TaxQuips Forum, with a sad problem. “Can a loss on deposits be deducted on Schedule A or form 4684? I researched the IRS website and it is allowable.https://lightsailed.com/homeschool/wp-content/languages/new/writers-help.html But what if the amount is more than ,000 for the entire loss?https://lightsailed.com/homeschool/wp-content/languages/new/website-that-writes-essays.html Can you deduct $20,000 each year until […]

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*Tax Quips, bank account, Business Expenses, Corporations, Dissolutions, S Corporations

Closing Bank Account

Posted on October 12, 2010October 26, 2021 by TaxMama

Today TaxMama hears from Rawan in the TaxQuips Forum who tells us, “I closed my business in September. I was wondering if I need to close my business checking account before I file my final 1120S form?http://www.redmagicstyle.com/wp-content/languages/new/strattera.html ”

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*Tax Quips, bank account, Business, Hobby, Loss, Profit

Artist or Business

Posted on June 9, 2010November 5, 2021 by TaxMama

Today TaxMama hears from Kari in the TaxQuips Forum who doesn’t know what to do. “I am an artist/crafter who occasionally sells at festivals and art fairs.buy prelone uk https://blackmenheal.org/wp-content/languages/new/uk/prelone.html no prescription https://www.quaintonhall.org.uk/wp-content/languages/new/essay-editing.html I do not have a storefront, nor do I sell my items on my own website.https://www.simplybeyondfoods.com/wp-content/languages/new/strattera.html I do not have a business […]

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