When filing you tax return, do business expenses just help to relieve federal tax responsbility, or is state tax responsbility included as well? Thanks!
Posts Tagged ‘Business’
Am I right that federal tax is a personal income tax and not a business tax..??
06
Aug
hi guys.. am I right that federal tax is a personal income tax and not a business tax..??
I need answers.. thanks in advance =)
God Bless!
How are Business losses treated on my personal income tax?
25
Jul
I am currently employed, but will be starting a business, set up as an s-corp. If this business losses money…say $10,000, how will that be treated on my personal income taxes?
what are common overlooked tax deductions on a home business?
24
Jul
If you have an independent business from home what are the tax deductions you can receive?
How do I market a small, startup, personal income tax prep business?
08
Jun
I’ve been preparing personal income taxes for years now for friends and family. I have just a couple of dozen clients or so. I really want to develop this into a real business. What are some good ideas on how to market the service?
Need help with a very small business tax question Thanks?
06
Jun
My friend and I started a flea market business in April 2009 selling baby items. We spent $3,149 buying merchandises and at the end of the 2009, the value of our inventory is $2,449. Our gross sale is around $930. When I input in TurboTax, $2,449 as the value of the inventory at the end of 2009; we got charged $1200 from federal .
Why is there a charge of $1200!!!!! We have lost money already, we can’t afford to lose anymore.
Please help
Thanks in advance
Tax income business who is being taken to court because they made a small mistake on a tax.?
06
Jun
My mom owns tax income business, it’s small and barely opened this year. okay, so one of the employers forgot to add the tax income on a persons tax and the person did not receive no money. well he is taking my moms company to court and got a lawyer and everything. we are no financially stable and i consider ourselves poor. what do you think could happen to my mom? will she go to jail or owe a huge fine? she only owns the business she did not prepare the tax. does anybody know a way to fix this or come to some kind of agreement.
How do I find out if the business name I want is okay or if someone else has rights to it? Can it be similar?
04
Jun
What are the guidelines for naming your own business, and how do I know if it is going to be LLC, Inc., Co.,etc. I would be selling some various retail items, and not employing anyone other than family. I’m not sure at this point if I want to lease commercial space or try to start off just selling from home. Do I need to schedule a meeting with my attorney to find out about liability, paying taxes, etc. or with my accountant? I really just need help with the technicalities and laws, as I know very little about being a business owner. Any ideas on where to begin?
What tax forms do I need to file for a computer repair business. ?
03
Jun
I own and operate a local computer repair company. I need to know what tax forms I need to file and in what order. I have read everything just about on the IRS website and still have no clue on what to do. I know something about a Schedule C form, but where do I send it, how do I figure up my taxes, estimated taxes, excise taxes, or what do I need to do?
can you file your business tax return and ask for an extention for your personal taxes?
02
Jun
I collected unemployment for most of the year, but in October I started my own home business with my own Tax ID number. Can I file the business taxes now but ask for an extention for my personal taxes? I believe I will have to pay personal taxes, and I will do that when my business gets better. Thanks to anyone who knows about this and where I can find the info.
I do have a corporation, a separate Tax ID
When is small business taxes due?
31
May
This is my first year owning my own business and I have no idea how to do the taxes or when they are due. I have a small budget and can’t hire an accountant, can anyone help me.
I also have T4’s from other jobs before this, do i combine them all?
Should any one who owns a business be made to prove legal status?
29
May
Should all who apply for a business license be made sure that they are here legally?
Should this be a national requirement for all businesses?
Should illegal aliens be allowed to own a business here since they have disrespected our laws?
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City business owners must prove citizenship
Filling out an application is not enough anymore. Business owners within the city of Conyers must now confirm they are in the country legally before they can run a business.
Reporter: By Alena Parker, Staff Reporter
Email Address: alena.parker@rockdalecitizen.com
CONYERS — Filling out an application is not enough anymore. Business owners within the city of Conyers must now confirm they are in the country legally before they can run a business.
Local government agencies were recently called to verify citizenship and immigration status of business owners through the Systematic Alien Verification for Entitlements, or SAVE, program of the U.S. Department of Homeland Security and the U.S. Citizenship and Immigration Services.
The Conyers City Council voted Jan. 20 to enter into an agreement with the federal agencies though Conyers city attorney Michael Waldrop noted they did not have much choice.
“The Georgia Legislature has required that cities and counties participate in the SAVE program to verify the legality of those who do business and receive benefits from the city,” Waldrop told the council members.
Councilman Marty Jones voiced concerns that paying for notary services every year, in addition to getting a business license, would be inconvenient “on the operations side.”
“People who write the regulations don’t have to live by them,” Jones said.
The new requirement will affect the roughly 1,800 businesses in Conyers.
“Unless you have a notary in your office, the proprietor is going to have to go somewhere — whether it’s the city, the bank, the post office, somewhere — to get someone to notarize this document (affidavit), swearing that he is, in fact, a legal citizen or here legally, whatever the status may be,” Waldrop said.
The new requirement will affect those applying for retirement benefits, health benefits, contracts, alcoholic beverage licenses, occupation tax certificates, taxi cab licenses, insurance company licenses, pawn brokers licenses, massage therapists licenses, billiard room operations licenses, precious metals and gems dealers licenses, conducting flea market licenses and peddlers and itinerant trades licenses, according to the city documents.
If I incorporate in Delaware, and locate my business in Texas would be a tax problem?
28
May
Im looking to incorporate a business and I saw that Delaware or Nevada is very recomendable for tax and legal issues. But if I live in Texas; do I have to register the co. as a Foreign corporation? Will I loose the benefits I can have incorporating in Delaware or Nevada registering as a Foreign Corporation in Texas? Thanks