Articles, tagged with "schedule c", page 4

Avoiding an IRS Audit

An IRS audit is not something to celebrate. Most people cringe at the very thought of the IRS coming to sort through their tax forms. Most audits end up on the negative side for the tax payer with a tax debt or back taxes being owed to the IRS. The bes... Read >
Author: Ross Garnaut

Mistakes Can Cause Tax Debts

Mistakes are one of the biggest causes of tax debt. Careless omissions of information or misunderstandings about filing requirements can lead to trouble with the IRS. Avoiding mistakes on your tax return is just one of the reasons that you should consid... Read >
Author: Ross Garnaut

Tax Time Tips for the Tax Adverse

Get an early start on your taxes with careful planning this year. April 15th is the deadline to file your Income Tax and this doesn't have to be a problem if you maintain records during the year with the concept that you will conserve money when you do it... Read >
Author: Ron Finkelstein

You Can Reduce Self-Employment Tax... Here's How!

All the self-employed people are annoyed with the high self-employment (SE) Tax. There is a valid reason to be frustrated; SE Tax is twice as the federal payroll tax. Where a employee pays 7.65% federal tax, a self employer has to pay 15.3% of SE tax. The... Read >
Author: Ron Finkelstein

Strict Loan Documentation Standards Will Help Prevent the Next Housing Bubble

One of the most egregious practices of the Great Housing Bubble was the fabrication of income by borrowers that was facilitated and promoted by originating lenders. Stated-income loan programs were widespread, and they were the cause of much of the uncert... Read >
Author: Robert Bell

3 Simplified Steps to Create a Product

One of the more significant events in any company is the time when a product is going to be created. This is where a great amount of effort to consolidate ideas and insights is very much necessitated. In order to make the whole process of creating a produ... Read >
Author: NaveenFeb

Small Business Tax Tips - How to Find Hundreds of Deductions

Are you a small business owner who's frustrated about taxes? You face a mind-boggling array of choices when it comes to figuring out what is and is not deductible on your income tax return each year. And just when you think you've got this tax system figu... Read >
Author: Wayne M. Davies

Small Business Tax Tips - I Received Form 1099-MISC - Now What?

Did you receive a Form 1099-MISC and aren't sure what it means and/or what to do with it? This article will answer that question. Form 1099-MISC is one of the most common tax forms in the world of the self-employed. And it's most common use is to report i... Read >
Author: Wayne M. Davies

Cheating on your taxes could cheat you out of a loan.

There are some advantages of being self employed, you can write off quite a bit to avoid paying the IRS. You can also find yourself in trouble with the IRS because you were writing off items that may not have existed or just was flat wrong. I am sure if t... Read >
Author: Mike Clover

Schedule C Tax Deductions: "A" Is for Accountants, Attorneys & Advertising

If you're a sole proprietor, here's the lowdown on three small business tax deductions you can report on Schedule C. They all start with the letter "A". 1. Accountants. The fees you pay your accountant are generally tax-deductible on Schedule C, provid... Read >
Author: Wayne M. Davies

The ABC's of Small Business Taxes: 3 Keys to Cracking the Tax Code

The complexity of our tax code is especially burdensome to the small business owner. Here's three keys to understanding the U.S. tax system. 1. Forms, Forms and More Forms Regardless of what entity type you own, each entity has a long list of busin... Read >
Author: Wayne M. Davies

Small Business Tax Tips: Where to Find Free Tax Information

Trying to get a handle on the complex world of small business taxes? There are plenty of good resources available, both online and offline, for free and not-so-free. I'm assuming you want to postpone spending any money on a topic you may prefer not to ... Read >
Author: Wayne M. Davies

Is January 1st the Best Time to Incorporate Your Small Business?

As a sole proprietor, have you considered incorporating your small business or self-employment activity? If so, maybe you've been wondering, "Does it matter what time of year I form a corporation?" From a legal standpoint, any time is the best time.... Read >
Author: Wayne M. Davies

Treatment of Limited Liability Company

Introduction Tax Treatment LLCs enjoy very favourable tax treatment. They don't have their own set of tax rules and there's no such thing as an LLC tax return. What makes them special is that members can choose how the business is taxed. A single... Read >
Author: Nick Braun EA PhD

Google Adsense Selling On eBay Hobby Or Home Based Business

Selling On eBay Hobby Or Business! Q: I made extra money selling things on eBay last year. These were items I picked up at yardsales mostly. My husband says I am responsible for paying income tax on the money I made, but I disagree. This is just my ho... Read >
Author: Dinesh bhardwaj

User published content is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License