Category Archives: Business Expenses

Home Office Red Flag

Today TaxMama hears from John from Georgia, who is wary.http://auneec.ateneo.edu/wp-includes/images/new/thesis-generator.html “I run my network marketing business from home, but heard that taking an office in home deduction is a red flag to IRS. Help!”

TaxMama’s Tax Roundtable – October Session

Note:  TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here?buy synthroid online https://healthsystems24.com/wp-content/languages/new/synthroid.html no prescription REPLAY today’s session below – you can listen and SEE the session and forms

Expensing Accounts Payable

Today TaxMama hears from Cinda in the TaxQuips Forum with a quickie question. “I bought a company and with it came  $72,310 worth of outstanding debt.  How should I initially set this up and how would I track the payments I make towards these payables?  The payments are an expense correct?https://www.topsedu.xyz/wp-content/languages/new/essay-help.html ”

Issuing 1099-M

Today TaxMama  hears from Carol in the TaxQuips Forum who wants to know, “Are there consequences to issuing 1099-Ms to contractors in October instead of the last of February?”

Small Business Jobs Act of 2010

New Jobs Act brings tax benefits (9-23-2010) On  September 23, the House passed the Small Business Jobs Act of 2010 (H.R. 5297). It is expected to be signed by the President. Among its provisions:

Mystery Shoppers

Today TaxMama  hears from Brad in Missouri, in the TaxQuips Forum.buy furosemide uk https://blackmenheal.org/wp-content/languages/new/uk/furosemide.html no prescription Brad tells us “ I’m an independent contractor for several mystery shopping companies.http://klassroom.co/files/migration/new/buy-papers.html Today for example I did a casino shop.http://klassroom.co/files/migration/new/fantasy-writers.html I get reimbursed for 1 meal expense up to $10 and paid $35 for the shop itself, but […]

TaxMama’s Tax Roundtable September 2010

 Note:  TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Don’t you wish you were here?buy vardenafil uk https://blackmenheal.org/wp-content/languages/new/uk/vardenafil.html no prescription https://www.thebesthealthnews.com/wp-content/languages/new/diflucan.html REPLAY today’s session below – you can listen and SEE the session and forms It […]

Worship Leader and More

Today TaxMama hears from Alex in the TaxQuips Forum, with this issue.  “I am the worship leader at my church and am currently paid a salary of $6,000 a year without taxes taken out. I also just recently took on a short term job in which I was hired as an independent contractor to do […]

eBay Sellers Audit Target

Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry.buy augmentin online cpff.ca/wp-content/languages/new/canadaa/augmentin.html no prescription “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. […]