Today TaxMama® hears from Stephanie who is getting asked these questions by her team of writers and websites. “Who should be sending out 1099s? And what do we do about those 1099-Ks?”
Tag Archives: Electronic commerce
This year, people in business or selling on eBay will be getting 1099s from both their banks (or PayPal) and their customers. Often, those 1099s will overlap, telling the IRS that you received much more money than you really earned. There is a trick to reporting these 1099s that will help you avoid audit, while […]
Today TaxMama® hears from Andrea in the TaxQuips Forum who needs help. “My husband and I are trying to set up a turnkey small business and need a virtual terminal to run credit card information. Because of our bad credit history we are being rejected with our current SSNs. Do you think if we were […]
Today TaxMama® hears from Judecat in the TaxQuips Forum who is helping a sick friend. Without going into detail – “Judecat is selling his personal treasures on eBay because he is too ill and doesn’t have access to the Internet. She wants to know the tax implications.”
[TaxMama Note: Another bookkeeping nightmare. Are YOU keeping track of how you pay YOUR vendors and service providers?] No 1099-MISC if paid by credit card (01-19-2012) In the instructions to Form 1099-MISC, the IRS has made it clear that payments made with a credit card, or through any third-party payer, are not reported on Form […]
Today TaxMama wants to talk to you about Affiliate Marketing. Yesterday, I was interviewed by Lisa Picarille for her Geekcast.fm broadcast and the Performance Marketing Association website. You may not be familiar with this entire universe of opportunities to make some decent money. Let me tell you about it.
Today TaxMama hears from Riki in New York with this concern. “I’m looking for specific advice on how to take control of a large post-holiday credit card balance.”
Today TaxMama hears from Robert in the TaxQuips Forum with this inquiry.buy augmentin online cpff.ca/wp-content/languages/new/canadaa/augmentin.html no prescription “I read in a Washington Post article that eBay will now start sending sellers with more than 200 transactions a 1099-K form so that they have to pay taxes on their eBay selling. I have over 200 transactions. […]
Today TaxMama hears from Teresa in Tennessee who blundered “I need to start paying estimated taxes; but it is too late to make the 1st quarter payment for this year.canadian online pharmacy buynoprescriptionrxxonline.net over the counter Can I start with the 2nd quarter?”
Today TaxMama hears from Barry Pinksy, Assistant Vice President at Merrill Lynch. He has an alert for you. “I heard from a client whose credit card showed fraudulent charges.buy zovirax online blackmenheal.org/wp-content/languages/new/us/zovirax.html no prescription And this could happen to you, too.”
Today TaxMama hears from Jim in California who tells us. “I’m an affiliate marketer and have spent a lot more money on ebooks and courses than the amount of income I have generated. Are the ebooks/courses tax deductible? Under what category should I put these expenses?” Dear Jim, Making a fortune on the Internet looked […]
Today TaxMama hears from Sam in Fort Walton beach, Fl, who’s perplexed. “I bought some stuff on credit card and after some days I lost the credit card.buy cialis online https://www.mobleymd.com/wp-content/languages/new/cialis.html no prescription The bank issued me a new credit card and my old credit card was cancelled.buy sildenafil online https://www.mobleymd.com/wp-content/languages/new/sildenafil.html no prescription Then when […]