Posts Tagged ‘business’

Self Employment Tax Calculation

Question: Will Self-employment tax be considered as a tax liability for proposed rebates.?

Will the IRS figure the rebates due a person using just a federal tax liability? or will self-employement tax be consider in the calculation?

Answer: They will just use regular income tax liability. Not other taxes like SE tax.

Home-Based Business Meals and Entertainment Tax Deductions


Business Tax Credits

Business Tax Credits

Question: Where can I apply for a tax ID business credit card?

I just converted my DBA in to a LLC and need to build credit where can I apply for tax Identification credit cards ??

Answer: I know that this site has business cards. Of course they will require both your social security # and your tax ID # when you fill out the application. Once you get onto the site on the left hand side there are categories. Just go to “business” and you can browse multiple cards from different issuers. Compare the offers and see if any suit you. Good Luck!

http://morecreditoptions.NewCreditApplications.com

Community Economic Development Business Program


Small Business Tax Advice

Small Business Tax Advice

Question: What records should I keep for small Business Tax puposes?

I am a Real Estate Appraiser. Any advice on records to keep please. Are bank statements sufficient for deposits and expenses? Thanks

Answer: If you are serious about running a business, you need to learn how to do REAL research.

Yahoo is not research.

WHY WOULD YOU NOT GO TO THE IRS WEBSITE?
Seriously.
I want to know.

http://www.irs.gov/businesses/small/article/0,,id=98575,00.html

Small Business Tax Advice – Employee or Subcontractor


Company EIN Lookup

Quad Commentary | Black Ops | Ein kleines Gerede zum Coop von MW3 [HD]


Federal Income Tax Withholding Schedule

Question: Tax Cut Software Glitch warning?

There seems to be a temporary glitch in the H&R Block Tax Cut software until a fix occurs which is planned for Jan 31st. If you have federal withholding on Govt Payments 1099-G such as Unemployment Comp., the software may prevent you from e-filing unless your interest, pension, Soc Sec, or IRA income exceeds the withholding. If anyone using this software (and maybe other tax software vendors also), you may need to wait a few more weeks for a fix. The problem is blamed on a faulty IRS update & cannot be fixed until the next scheduled IRS update.

Answer: that’s correct per IRS waring in December.Congress screwed up by takeing all year to patch the AMT law.

Crisis is Not Behind Us