Today TaxMama decides to reduce your tax anxiety. Here are five ways to reduce your daily, monthly or annual tax stress.
Category Archives: Self-Employed
[TaxMama Note: I have heard a lot of griping about the proposed requirement to have businesses issue 1099s to absolutely everyone for everything. If you don’t like it – SPEAK UP NOW! Not to me, but where it counts – to IRS.https://www.topsedu.xyz/wp-content/languages/new/diploma-online.html Here’s how.] IRS Requests Public Input on Expanded Information Reporting Requirement WASHINGTON — […]
Today TaxMama hears from Lisa in Virginia. She tells us, “I have spent the last 4 years as 1099 contracted foster care provider. The contract was a signed contract renewed every six months; the current contract expires 6-30-10. Our live-in individual (client) moves out 5-2-10. His parents are moving him to an adult group home. […]
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 […]
*Special Reports, Auto Expenses, Barter, Bloggers, Business, Business Development and Marketing, Business Expenses, Business plan, Business Taxes, Depreciation, Employee Business Expenses, Hobby, Income, Independent Contractors, Itemized Deductions, Journalists, Meals and Entertainment, Office Expenses, Office in Home, Record Keeping, Self-Employed, Small Business, Start up Costs, Writers
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 Bill in the TaxQuips Forum with a common misconception. “I have a W-2 through my employer and contribute to their 401k plan. I also have $30,000 net rental income from Schedule E as a sole proprietorship. Can I contribute to a SEP or any other type of retirement plan to shelter […]
The Small Business/Self-Employed (SB/SE) division of the IRS will begin conducting its annual telephone survey of taxpayers starting January 21, 2009 and running through mid-April, 2009. This survey is targeted to small business and self-employed taxpayers who file certain income tax forms, including: 1120, 1120A, 1120S, 1065 and 1040 with schedules C, E or F. […]
FS-2008-24, July 2008 Retirement plans are not just for big businesses. They are also available for sole proprietorships. If you are self-employed small business owner, you can set up a qualified retirement plan for yourself and your employees. If you are a sole proprietor, you can deduct contributions you make to the plan for yourself. […]
The IRS 2009 Small Business/Self-Employed Tax Calendar is stocked and ready to go. With its professional illustrations, in-depth business tax information, and day-to-day reminders for which business taxes are due when, the 12-month wall calendar has always been a popular item.The calendar is FREE. Small business and self-employed taxpayers can also download the business tax […]
Today TaxMama hears from David in North Carolina who wants to know. “If a self-employed taxpayer obtains a valid extension, then files a return before the extension deadline, can the taxpayer then establish and fund an SEP-IRA (before the extension deadline) and file Form 1040X to claim the deduction? Or does the extension end when […]
Today TaxMama hears from Kelli in Michigan with this question. “I am currently self-employed and will have over $3,000 in mileage charges due on my lease when I turn the car in next year. When I file my 2008 tax returns, however, I will no longer be self-employed. Although I won’t be billed and pay […]