Courtesy of IRS TT-2008-11 Are you facing a lot of different tax questions this year? IRS experts have pulled together an overview of common tax issues in one convenient place — Publication 17, Your Federal Income Tax. This updated publication, available on the IRS Web site, IRS.gov, contains a vast array of helpful information for […]
Tag Archives: Business/Finance
Today TaxMama hears from Lisa in California who tells us. “I am a Creative Memories Consultant, which is an independent consultant home sales business. This past year I barely sold anything, and ran my ‘’business’’ as more of a hobby than a business. Do I still need to claim it on my taxes? I haven’t […]
Today TaxMama hears from Sam in Texas who asks. “A construction company pays sales tax when it purchases items from places like Home Depot.buy furosemide online healthcoachmichelle.com/wp-content/languages/new/online/furosemide.html no prescription Everything it buys is used in customer’s homes, like carpets that are installed and then billed to the customer.buy wellbutrin Canada https://langleyrx.com/wellbutrin.html no prescription Does this […]
Courtesy of the Internal Revenue Service Taxpayers who pay someone to do their taxes should choose a preparer wisely. If you choose to use a paid tax preparer, it is important that you find a qualified tax professional. Taxpayers are ultimately responsible for everything on their return even when it’s prepared by someone else The […]
Courtesy of Internal Revenue Service WASHINGTON — The Internal Revenue Service and its private-sector partners today announced the Jan. 11 opening of this year’s Free File program. The free tax preparation and electronic filing initiative begins its sixth year with high customer satisfaction ratings. Most Taxpayers Eligible Seven out of 10 taxpayers — 97 million […]
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Courtesy of the Internal Revenue Service WASHINGTON — Today the Internal Revenue Service announced the 2008 inflation adjustments to the excise taxes on air transportation. Excise taxes apply to the domestic segments of taxable air transportation and to the use of international air facilities. The Consolidated Appropriations Act, 2008, signed into law on Dec. 26, […]
TAX CALENDAR 2008 Major tax deadlines for the year 2008 Use this as a guideline to help you plan your tax year! LINKS TO LAST MINUTE TIPS AND FORMS- Click Here! Date Description 01.02.2008 File Form 2290 – Heavy Highway Vehicles 01.15.2008 4th Estimated Payment Due Farmers and fishermen. Estimated tax […]
courtesy of: David & Mary Mellem, EAs & Ashwaubenon Tax Professionals Congress has finally agreed on an AMT patch for years beginning in 2007. President Bush has indicated he plans to sign the bill. The bill is titled the “Tax Increase Prevention Act of 2007”. There are two parts to the bill: 1) The tax […]
“Track Your Achievements. Take a moment every week to document problems you’ve solved, initiatives you’ve led, and results you’ve delivered. Keeping a record of your successes will make it easy for you to recall key contributions you’ve made to your company’s growth and success. Track your success stories to win a raise at your next […]
Today TaxMama hears from Cindy in Kentucky who is skeptical: “I own my own business and travel a lot. I am deducting a truck that I own. With high gas rates can I deduct a car?https://diwa.gimpa.edu.gh/wp-content/languages/new/professional-resume-writers-reviews.html My accountant has told me that I can only deduct a truck? Can you explain what my options are […]
IRS Notice 08-01, recently released, discusses the treatments of various arrangements of health insurance in connection with an S Corporation and its 2% shareholder/employees. This Notice clarifies an issue from two years ago. First a review of law involving the health insurance deductions. Section 162(l) permits a self-employed person, a partner, and an S […]