Category Archives: Business Taxes

Katrina Corporate Extensions

With the news being filled with Hurricane Katrina, this seems to be a good time to address the upcoming corporate tax filing deadlines. Many people are totally displaced from their homes and businesses. Odds are, that they won’t even be able to return to get their records for months. That is – if the records […]

Total Write-Off

Today Irina from the Internet is concerned. “My husband is self-employed and he hasn’t had any deductions taken out of his checks since the time he started his business.https://www.seehowcan.com/wp-content/languages/new/math-homework-help.html He claims that after he writes off his business expenses, he’ll get more than he owes. On top of that, he is telling me to claim […]

Passing Through

Today Connie from New York asks, What does “Pass Through Tax” mean? Since TaxMama has never heard that expression, she will explain “Pass-Through Income (or Loss)” or “Pass-Through Entity”.https://www.grapplearts.com/wp-content/languages/new/best-rated-resume-writing-services.html

Day Care Provider

Today Dede from Michigan tells us. “I am a newly licensed family home day care provider. I am overwhelmed by this tax business! Where in the world do I begin? I haven’t paid any taxes from my earnings yet, because I just don’t know how to begin or whom to contact about what forms or […]

Partner Patter

Today Alan from Texas says he is starting a partnership as a consulting business.buy valtrex online gilbertroaddental.com/wp-content/languages/new/generic/valtrex.html no prescription He asks, “I understand that estimated taxes will be made on the income that the business makes, but do I also have to pay personal tax on the salary that I pay myself from that income […]

Farmer Rings the Bell

Today Mark in Mississippi is still reeling.https://libertyjuice.com/wp-content/languages/new/bactroban.html Here’s why – The other day, I dropped twenty bucks into a 50-cent slot machine and I won $326,000.00! I suspect that over half will be taken for state and federal taxes. As a farmer, can I offset the taxes due by adding to my farming operation (i.purchase […]