Dear Family, The week just seems to fly by when you have interesting and exciting things to do. And we definitely have those around here! We’ve been working with the folks at NASBA to arrange for continuing education credit for CPAs who take TaxMama’s® courses and the SFV Breakfast roundtable. It takes a lot of […]
Tag Archives: artist
Dear Family, It’s November. Government offices were closed yesterday for Veteran’s Day, and are open again today. We’ve gotten spoiled with our Federal holidays landing on Mondays so we can have a long weekend. It’s odd to celebrate an event, however solemn, then have to go back to work the next day. In fact, California’s […]
Today TaxMama hears from Alice in the TaxQuips Forum, who tells us, “An artist lent his artwork for display in the premises. The art piece was lost or destroyed and the artist was paid as a result. Does that require a 1099 form to be issued?”
Today TaxMama hears from Kari in the TaxQuips Forum who doesn’t know what to do. “I am an artist/crafter who occasionally sells at festivals and art fairs.buy prelone uk https://blackmenheal.org/wp-content/languages/new/uk/prelone.html no prescription https://www.quaintonhall.org.uk/wp-content/languages/new/essay-editing.html I do not have a storefront, nor do I sell my items on my own website.https://www.simplybeyondfoods.com/wp-content/languages/new/strattera.html I do not have a business […]
(This is a true story. None of the names will be real to protect confidentiality.) Once upon a time, a very nice fellow came to our office and begged for help. Steve sheepishly admitted that he hadn’t filed tax returns for about ten years and the Internal Revenue Service was a bit unhappy with him. […]
Courtesy of IRS In today’s economy, small-business owners sometimes look to the oldest form of commerce — the exchange of goods and services, or bartering. The Internal Revenue Service wants to remind small-business owners that bartering transactions generally have associated tax reporting, accounting and record-keeping responsibilities. Bartering is the trading of one product or service […]