You would think after what everyone went through during Covid-19 that
these financial matters wouldn’t be a problem. That people who work for
these tax companies would provide the best service and integrity to tax
payers. I have expenses plus a new b...read more
Filed 2/16 or 2/17. Im sorry I dont want to get anyone in trouble just
confused. Called Turbotax to ask if I should amend my return since im on
120 day hold and have received no notice of any kind from IRS despite
visiting them in person 2tines. Im f...read more
I closed my business a few years ago and once a year I receive a payment
from the corporation I sold it to for the sale of my clients for the
next 10 years. I am not in business selling or nor do I have employees
so my question is on the 1120 S tax f...read more
John5156‎Posted Wednesday
| Latest post Wednesday by
dsoile
The owner can't take distributions during that time, but what is the
best procedure for when they are ready to take a paycheck again? If they
didn't take any distributions, can they simply resume taking a
paycheck?Also, if they did take distributions...read more
I am a sole proprietor at this time, no employees, and make less than
$50,000 gross income most years. I carry Errors and Omissions insurance
(I'm in an architectural related field). I keep a separate business bank
account and a separate company file...read more
WDI‎Posted Wednesday
| Latest post Wednesday by
tagteam
I am a freelance Graphic Designer. My client does not have a stock photo
account but I do. So I have been purchasing stock photos on their behalf
and adding those charges to their overall project invoice. Will this be
considering business income even...read more
LMM7‎Posted Wednesday
| Latest post Wednesday by
FranklinF
expenses?Can I expense vacation costs if I've conducted business?What is
included in the cost of goods soldHow do I maximize the deductions for
my side gig?Are there any tax benefits if I employ my family members?Can
I deduct business use of my phone...read more
What kind of proof do i need to keep to show that a particular purchase
was for a bbusiness expense and when / where would i need to present
that proof?