The Small Business Tax Help Blog

Archive for September, 2009

Question: Has anybody ever e-filed their Ohio Tax Return?

I e-filed my return on Jan. 23rd(a.m.) and received an update on the 24th that my refund was released for deposit on Jan. 23rd, but to allow 7 business days to credit to my bank account. I know it hasn’t been 7 days, but if a deposit is schedule for 23rd, you would think it would be credited by now? Isn’t this pretty much an instant process? I am being patient and don’t mind waiting, but just worried I might have gave the wrong banking information. That’s why I am trying to find out other experiences with the Ohio I-File, since this is my first time using it.

Answer: yes, and the refund came through very quickly!

Sunstone Hotel Investors Provides Business Update

Sunstone Hotel Investors, Inc. today provided an update on its recent operating performance, acquisitions process, independent hotel management request for proposals and finance transactions. Â The preliminary financial information for the fiscal quarter and year ended December 31, 2009 reflects selected preliminary results from the Company's unaudited financial statements, and is subject to ...

Business Update: UBS tax questions

eSmartTax.com, Powered by Liberty Tax, is All New for 2010

VIRGINIA BEACH, Va., Jan. 6 /PRNewswire/ — Now more than ever, online tax filers want their refunds fast and easy.

Home Based Business Tax Deductions & Write Offs 2009, 2010.mov

Question: What should you put down on your resume if you sold on eBay full time for 4 years but didn’t files taxes?

I sold on eBay and had my own website full time from 2001 to 2005. I only filed taxes for 2005 when I made a profit. I did apply for an EIN# with the IRS, but did not file for a state or local business license. I have worked a “normal” job since 2006 and my employers didn’t care about my previous business.

Now I have been offered a chance to apply for a position at a major bank and the lack of taxes filed and a business license can deter them from hiring me.

Should I put down on my resume that I was out of the country — working in Europe/Ireland — instead of stating I did eBay full time? It’s not completely dishonest. I did spend a lot of time in Ireland between 2001 and 2005 and worked when I was younger at my cousin’s restaurant there.

NO SPAM PLEASE.

Answer: Tell the truth, that you sold on ebay for four years and committed tax evasion. Your tax liability is based on personal income, not profitability.

Tax tips new business owners

Here are six tax tips the IRS wants new business owners to know:

INCORPORATE IN GEORGIA 678-755-2270 501c3

2010 Tax Prep

The calendar has been flipped from 2009 to 2010. That means W-2 forms and 1099’s will be showing up in your mailbox at the end of the month, and a trip to get your taxes done will soon follow. There are some changes you should be aware of as you get ready to file before that April 15th deadl . . .

IRS TAX TIPS: Making Work Pay – Retirees (ASL, Captions & Audio)

Recession scars will linger long after economy heals

The aftershocks from deep recessions like the current one reverberate for years, even decades, and take an enduring toll on everything from government finances to countless upended individual lives. People “don’t quite get the long-lasting impact,” an economist warns.

Tax advice for Contractors Umbrella Company Tax Advice