ConfusedByTaxes
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Well, I'm learning something! I thought she needed to pay the FICA taxes based off gross income. I didn't realize that she pays it off net income. Just to be cl...
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We did not do it as an S-corp or a C-corp, just a single member LLC. I am researching how we would show the training costs. She took a couple classes to learn h...
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Thanks, Martin. As to amortizing the start-up costs, would that apply to all of the supplies she uses (which are mostly things like ink, needles, etc). or just ...
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I did the advanced payments, which I understand were based off my 2020 AGI. Due to my 2020 AGI, we did not get the full amount possible ($3,000 for our 8 yo and...
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Thanks for the response!
Activity Feed for ConfusedByTaxes1983
- Posted Single Member LLC - Schedule C business expenses - Descriptions on Business & farm. January 19, 2022 10:56 AM
- Posted Re: When to make quarterly payments for new single member LLC business on Business & farm. December 23, 2021 8:22 AM
- Cheered Re: When to make quarterly payments for new single member LLC business for DanielV01. December 23, 2021 8:20 AM
- Cheered Re: Can I deduct contract attorney fees as a 1099 independent contractor? for Opus 17. December 23, 2021 7:33 AM
- Posted When to make quarterly payments for new single member LLC business on Business & farm. December 23, 2021 7:30 AM
- Posted Re: If my wife's new single member LLC business lost money in 2021, will that lower our AGI? on Business & farm. December 22, 2021 12:32 PM
- Posted Re: If my wife's new single member LLC business lost money in 2021, will that lower our AGI? on Business & farm. December 22, 2021 12:31 PM
- Posted If my wife's new single member LLC business lost money in 2021, will that lower our AGI? on Business & farm. December 22, 2021 8:10 AM
- Posted Re: Qualifying for Third Stimulus Retroactively for losing income in 2021 on Get your taxes done using TurboTax. December 8, 2021 7:05 AM
- Posted Re: Qualifying for Third Stimulus Retroactively for losing income in 2021 on Get your taxes done using TurboTax. December 8, 2021 7:02 AM
- Posted Qualifying for Third Stimulus Retroactively for losing income in 2021 on Get your taxes done using TurboTax. December 7, 2021 9:22 AM