Today TaxMama® hears from sh1207 in the TaxQuips Forum with this question. “In 2011, my wife started a home-run Montessori school in October. We spent about $2,000 in setting up the Montessori (supplies, furniture, license, etc.). We only got $600 in income from one child, who was with us for 3 hrs a day starting […]
Category Archives: Office in Home
Home Office related
Way back in the beginning, when the commercial Internet opened up, working mothers found that it was a great place to interact and share information. A variety of sites sprang up, help out, and fizzled out. Some survived. Today, let me introduce you to the launch of a Work at Home Mom site that will […]
Today TaxMama hears from Sarah in the TaxQuips Forum, with a good question. “My husband is a personal trainer and uses our back patio exclusively to train clients (we do not use this space for anything else). Is this deductible and if so, how? Do we have to include the square footage of our whole […]
Today TaxMama hears from Leslie in the TaxQuips Forum, who is quite clever.buy acyclovir online gilbertroaddental.com/wp-content/languages/new/generic/acyclovir.html no prescription “I am helping a friend out with her business. She currently takes a deduction for having a home office for the company that she runs out of her home. Would it benefit her more to charge the […]
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? REPLAY today’s session below – you can listen and SEE the session and forms It will load slowly…perhaps slowly. But it […]
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!”
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
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 […]
Today TaxMama hears from Ann in the TaxQuips Forum with a good question.https://libaifoundation.org/wp-content/languages/new/doxycycline.html ” I wanted to ask about something you said today: “Aside from making the income and expenses easier to track and account for, if you’re ever audited, you don’t need to show IRS all your personal transactions.” Is that true in all […]
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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 […]
Dear Family, The phones have been ringing all morning. Usually, Friday mornings I get to work quietly to prepare this for you early in the morning (at least here, on the West Coast). Last night and early this morning the wind blew away all the smog. This dawned gloriously in California with the sun gleaming, […]
Today TaxMama hears from Larry in the TaxQuips Forum, who wants clarification. “Though I derive the majority of my guitar teaching income from teaching at a local music store, can I still write off home/office deductions for the smaller part of my home lessons? If so what percentage, and how is that addressed on the […]