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. […]
Category Archives: Business
Today TaxMama hears from Marina in Washington DC in the TaxQuips Forum with an interesting set of questions. She says. “A husband and wife are divorced. They owned an LLC. The wife wants out. Can the husband keep the same EIN? Can he elect to treat the single member LLC as a S Corp.?” https://taxmama.wpengine.com/forum/taxquips/llc-for-hw-after-divorce/
Today TaxMama needs to explain the purpose of the Taxpayers Advocate Service, based on a misconception expressed in the TaxQuips Forum. Peter says his problem is in the hands of the Taxpayers Advocate. So he’s just going to sit back and wait for them to take care of everything.
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.” https://taxmama.wpengine.com/forum/taxquips/year-old-taxes Rita Lewis replies to Aaron. Rita is an Enrolled Agent in Connecticut. She says, you can […]
Get your IRS extension here! Note: This page has been updated to include links to Personal, Business and State extensions. Courtesy of IRS If you can’t meet the April deadline to file your tax return, you can get an automatic six month extension of time to file from the IRS. Here are seven things you […]
Today TaxMama hears from Sid in the TaxQuips Forum, who has a dog walking/training sole proprietorship. “My question concerns expenses for my dog, who is the face of my business (appearing on all my advertising material) and whom I use all the time for training demonstrations to attract clients. Can I deduct any of her […]
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H&R Block Radio Show – Tax Tips for Bloggers, Writers, and Journalists
Tax Tips for Bloggers, Writers and Journalists Read the script here: PROGRAM 2: Tax Tips for Bloggers, Writers and Journalists Originally aired: Thursday, March 25 11:30 – 12:30 EDT Introduction – Tax Mama Welcome and Introductions o Thanks for joining o Introduce hosts: § Chris Wilson, Master Tax Advisor o Wilson has been a master […]
Today TaxMama hears from Summit in the TaxQuips Forum, who has some questions.https://biuinternational.com/wp-content/languages/new/how-to-write-an-essay-about-your-self.html “When doing work nationally what are the tax implications? We are a painting contractor based in, say, New York, travel to Mississippi and paint a building for 50k, then travel to Alabama and paint a building for 50k and so on… what […]
Don’t let this happen to you! Outsourcing payroll duties to third-party service providers can streamline business operations but remember, you are ultimately responsible for paying federal tax liabilities. Beware – $181 Million Payroll Tax Fraud Orlando, Florida – United States Attorney A. Brian Albritton announces that U.S. District Judge John Antoon, II, today sentenced Frank […]
Today TaxMama hears from Edward in PA, who asks, “Can you address the ins and outs of building a personal financial team?https://www.topsedu.xyz/wp-content/languages/new/professional-resume-help.html Who are the key players needed on this team?”
Today TaxMama hears from Clay in California, who tells us. “I invested in a company that failed. Where is that handled on the 1040 form? I have had other failures and I was only allowed to deduct $3,000 per year. I have a substantial capital gain this year on a sale of properties.” Hi Clay […]
Today TaxMama hears from Jim in California who tells us. “I’m an affiliate marketer and have spent a lot more money on ebooks and courses than the amount of income I have generated. Are the ebooks/courses tax deductible? Under what category should I put these expenses?” Dear Jim, Making a fortune on the Internet looked […]