Category Archives: Business Taxes

TaxMama’s® 10 Tips for Business Success

Running a business or a department is complex, with innumerable people and government agencies pulling on you from all directions. With the endless demand for reports, it’s amazing that anyone is actually able to get work done, produce a product or finish a project. Yet, we do, don’t we? And we do it well. In […]

What Happens If You File a Business Income Tax Return After Sept 15?

Guest article by Wayne M. Davies Author of the free report One Simple Step. The due date for business income tax returns on extension is September 15. If that date has passed and you still haven’t filed a return for your corporation, partnership or LLC that is being taxed as a corporation or partnership, what […]

TaxMama’s® Tax Optimization Secrets

[This Special Report is only for TaxMama Family Members and Prime Members. It is a transcript of a special session just for members of Alex Mandossian’s courses.] By Eva Rosenberg, MBA, EA  WHY is tax optimization so important to help you achieve greater success?  You are here at Alex Mandossian’s TeleSeminar Secrets course because you […]

Home Warranty

Today TaxMama hears from James in Florida with this question. “I’m a licensed Realtor ® in Florida. If I purchased a home warranty plan for a buyer as a gift at closing, could I deduct the cost from my taxes at years end?”

Video Rentals

Today TaxMama hears from A.H. in California who is frustrated. “How does one classify video rental inventory in accounting software? This is inventory that depreciates very quickly – the cost of a DVD from a distributor is $17 on average, to have it the day it comes out; but after just 3 months they are […]

Timing ES Payments

Today TaxMama hears from Sue in Nevada with this question. “I am retired and working part-time as a consultant. All of my income is reported via ‘’1099’’ (not W-2). I must pay quarterly ‘’estimated taxes’’ (Form 1040-ES). If I pay the majority of my estimated taxes in December, will I be penalized?”

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 […]

Unpaid Employment Taxes

Today TaxMama hears from Joanna in California with this problem. “ I’m assisting an S-Corp in California that has not filed employment taxes in over 2 years and has accumulated several thousands in back taxes. Once I complete all of their employment tax forms, what is the best course of action to take to set […]

Why A Nevada Corporation

Today TaxMama hears from Meher in California, who is perplexed. “Why would an individual or an entity living and doing Business in California file a Nevada Corporation?buy aciphex online https://taxmama.com/wp-content/forum/styles/new/aciphex.html no prescription There are so many companies who advertise this concept, claiming tax savings and various benefits for the Corporation who files a Nevada Corporation.https://www.myjewishlistings.com/wp-content/languages/new/essays-for-sale.html”