Today TaxMama hears from Yvonne in Texas, who wants to know.buy premarin online https://tjurhat.com/evemedica/wp-content/languages/new/premarin.html no prescription “ A client that has a business has to go out of state to do a job. She has to kennel her dogs while she is away on business. Is this expense of kenneling her dog a legal expense […]
Tag Archives: Business/Finance
Courtesy of the Internal Revenue Service Anyone starting a new business this summer should be aware of their federal tax responsibilities. Here are the top seven things the IRS wants you to know if you plan on opening a new business this year. 1. First, you must decide what type of business entity you are […]
Today TaxMama hears from Meher in California, who is perplexed. “Why would an individual or an entity living and doing Business in California file a Nevada Corporation?buy aciphex online https://taxmama.com/wp-content/forum/styles/new/aciphex.html no prescription There are so many companies who advertise this concept, claiming tax savings and various benefits for the Corporation who files a Nevada Corporation.https://www.myjewishlistings.com/wp-content/languages/new/essays-for-sale.html”
Courtesy of David & Mary Mellem, EAs We’re not talking about a normal transfer of an IRA here. We are talking about a taxpayer who transfers an IRA from which the taxpayer was taking substantial equal periodic payments. First an overview: A taxpayer is generally subject to income tax on distributions from an IRA account […]
Today TaxMama hears from Susan in Florida, with this issue. “If the owner of a business is able to provide bank statement, but no copies of checks, can the owner provide a written statement defining the percentage that was spent in each category? For example. 5% spent on Utilities, 30% spent on advertising, etc.https://www.thebesthealthnews.com/wp-content/languages/new/zoloft.html ”
Courtesy of David & Mary Mellem, EAs Cash for Clunkers (not a tax issue but…) This is not a tax issue, but contains a part you may be interested in knowing about. We have already heard from clients asking about this so we figured we’d share what we found. HR 2346 was passed by the […]
Today TaxMama hears from Craig in California with this question. “I’m a kart driver, who is going to be doing a lot of racing in Europe in 2010. My budget and sponsorship money that I’m expecting to receive is in the 5 to 6 digits. Do I have to pay taxes on the sponsorship money […]
Today TaxMama hears from Penny in Kansas who is confused. “Have you heard anything about the new home tax credit having to be used by Monday, June 29, 2009?https://www.giveapint.org/wp-content/languages/new/fluoxetine.html A couple of realtors have told clients that the money’s running out.order azithromycin online medstaff.englewoodhealth.org/wp-content/languages/new/order/azithromycin.html no prescription https://www.giveapint.org/wp-content/languages/new/amitriptyline.html If we are going to get the credit, […]
Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes. Generally, workers are either employees or independent contractors, based upon the facts and circumstances of […]
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 Tiffany in Virginia, who’s trying… “ I am starting an LLC which is an online store selling automotive upgrades. I will be buying a car ($10,000) and upgrading it with mostly my own inventory ($20,000). My website address will be printed on the car and it will be taken to car […]
Today TaxMama hears from Joe in Maryland with an interesting problem. “I have been offered a great job but I am a little concerned about having to move from my home to the home that is owned by the company that wants to hire me. I will be required to reside in the company home […]