Today TaxMama® hears from Blake in the TaxQuips Forum who is upset. “I bought a used car last December for $8,000. The car was owned by an individual who apparently had a business bank account where he deposited the money. The bill of sale just says his name on it, no company. How can the […]
Tag Archives: business bank account
Today TaxMama hears from OC in Los Angeles with this problem. “We couldn’t afford an accountant in April to help us with our taxes so we filed for an extension. October 15th is imminent and we still can’t afford an accountant. We may end up owing for 2007. 2008 has been a very difficult year […]
Today TaxMama hears from Tanya in the Tax Parlor who says, “I am filing a schedule C, where all the income comes from one 1099 (one client). My only driving was to and from the client’s office (essentially commuting) and there is no home office. Will this be qualified business mileage/use?” Hi Tanya, I don’t […]