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jhunt4
Employee Tax Expert
Employee Tax Expert
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Employee Tax Expert and EA (Enrolled Agent)
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  • If a taxpayer does not meet all of the conditions inIRS Publication 334, page 35,but is a retired self-employed insurance agent who receives residuals from sale...
    jhunt4
    Updated May 23, 2024
  • After reviewing the options for both lines of work, if you believe there is one NAICS code that encompasses them, you would simply discontinue reporting the inc...
    jhunt4
    2
    Updated May 23, 2024
  • Reporting income from similar streams of income can be reported on a single Schedule C. However, a musician would typically report income under NAICS Code 71111...
    jhunt4
    5
    Updated May 23, 2024
  • The costs of building a separate structure (not attached to the house) for home office use are considered "direct expenses" of the business. Such expenses can b...
    jhunt4
    2
    Updated May 23, 2024
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