The Small Business Tax Help Blog

Posts Tagged ‘taxes’

Question: How to report independent contractor earnings??? Please help?

am a referee and I make minimal money. How do I report this? What form? Please help…Also, should it be done quarterly or what? i am sure with the deductions I can claim, the taxes would be low. please help…..

Answer: schedule C.and possibly SE for taxes. You should receive a 1099 if one entity paid you more than $600 in 2007. If you made less than that – don’t worry about it

Japan Nuclear Disaster Update 30: It was, is, and will be worse than you thought [Greg Laden's Blog]

Perhaps the most interesting single thing on the table in today’s update is the revelation that at least one of Fukushima’s reactors suffered sufficient damage from the earthquake that hit the region … prior to the tsunami … to have likely gone out of control or melted down. This is hard to assess because the tsunami caused so much additional damage as to obscure earlier damage, and because …

2008 State of the City Violence Prevention Webisode

Question: help with filling out the fafsa?!?

i’m 16 and a senior in high school. i filled out the info about my parents taxes using 2009 forms but 2010 was my first year with a job, so when it asks me about my income tax for 2010 i have no idea because i haven’t filled out the tax form yet and because this is my first year i don’t even have 2009 forms as an estimate.
what do i do?! how can i calculate my income tax?
btw, my gross income for 2010 was about $2000

Answer: schools.medianewsonline.com – it has detailed info how to apply for financial aid and scholarships to get more cash.

Some property owners get another chance to appeal

Thousands of Mecklenburg property owners have until Thursday to file a second challenge to new tax values they received this spring.

TYT Hour – May 11th, 2010

Question: Father abandons Wife&Daughter for 2 years! What legal right does she have to keep him from taking daughter?

Here is the story, factual and true. German woman, not a US citizen(Germany does not allow dual citizenships) has been living and working, paying taxes, owns home, etc for the last 18 years. Ex-husband, Nigerian born , became US citizen. They marry, have a beautiful daughter. After several business failures and taking them to near bankruptcy, he abandons the family. WITHOUT notice, he moves back to Nigeria. He has now been gone 2 years this May/2008. Has asked about child in emails and Instant messages on Yahoo. Has provided no child support, no insurance, no shelter and the child has no clue who he is. She was 2 years old when he decided to leave the family. Yesterday 2/11/2008, he tells his ex-wife now, that he will be coming back to the United States in less than 2 weeks to get his daughter and that he has just as much right to do so as any other father. Is this for real? How can a person, leave their family, burden them with their bills then think he has rights? Help!!!

Answer: She needs to get the courts involved immediately. If he takes the child to another country she could be in for a really expensive and long custody fight.

With no court order for custody, it is possible for him to take the child out of country.

She needs to file for custody and protection. This may qualify for an emergency hearing for custody. If she can afford a lawyer, she should get one.

North County FYI Datebook

North County events calendar.

How to make real Money with YTB!”Turbo charge you levels!

Question: i started a business 9/2010, my question is could I file taxes for my business and personal separate?

I sell second hand goods, and in the process of creating on-line sales through web page. I have EIN, Business Certificate, and Business Checking Account and doing sales through this business. I want to know if I can file my business and personal taxes separately? I also would like to know if student loans will garnish from both my business and personal or just personal? Is there a minimum income tax amount when filing for small business?
Thank you for your help.

Answer: You are a sole proprietor, unless you incorporate….but you didn’t. You are the business, and you will do the Schedule C for your business information. Then it will become part of your personal 1040. NO, YOU CAN’T file separately. Your student loans would only garnish from the personal 1040 if you have a refund. Generally, $600 income is the minimum to determine if you are a business vs. a hobby.

More Tax Tips for Recent Grads

Taxes will become a big part of students’ lives now that they have graduated and entered the real world. Here’s what grads need to know about how to file and what documents and information they need to keep. 

Tips for Filing Taxes : How the IRS Selects Audits

Fitch Rates Onondaga County, NY’s GOs ‘AAA’; Outlook Stable

Fitch Ratings assigns an ‘AAA’ rating to the following Onondaga County, NY bonds:

FASCISM: GE & Others Pay No/Little Taxes; Lobby For Loopholes But Not To Change Corp Tax Rate