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From the category archives:

small or home-based business

Ask The Taxgirl: Home Offices And Capital Improvements

7 April 2013

Tweet Taxpayer asks: I’m confused. Both my wife and I have home offices, each using about 5% of the total home square footage. Last year, we replaced the both the hot water heater and the washer/drier. For the hot water heater, I think it’s very clear, that improvement directly impacts our home office use, so [...]

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Some Small Businesses Take A Hit From Sequestration

5 March 2013

Tweet March 1 came and went and the world was still standing. Sequestration made a big splash at the end of February. Taxpayers were worried… How would it affect Tax Day? Would refunds be slowed down? Would the lights stay on in Congress? But as March kicked off, tax season was (finally!) in full swing [...]

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IRS Makes Arrests, Targets Businesses In Massive Identity Theft Crackdown

7 February 2013

Today, the IRS announced the results of an “aggressive enforcement effort” targeting refund fraud caused by identity theft.

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Ask the taxgirl: Tax ID Numbers and 1099s

30 January 2013

Tweet Taxpayer asks: Am I legally required to have tax ID#’s on file for individuals who perform services for my organization if I know the payments will not total more than $600 in any calendar year? taxgirl says: I was asked a similar question from a client years and years ago. The client ran a [...]

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Ask the taxgirl: Promotional Expenses and “Lost” Revenue

29 January 2013

Tweet Taxpayer asks: Hi, Tax Girl, With all the electronic sales these days, publishers and authors can promote their books for free for a period of time in order to gain readers and increase their rankings on sites like amazon.com. Even though there is no cost to author or publisher for the free electronic giveaways, [...]

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Ask the taxgirl: Filling Out a Form W-9

29 January 2013

Tweet Taxpayer asks: Is there a way to complete the W9 form that is technically legal that will avoid being 1099′d for income paid to you? taxgirl says: No, not legally. The rules about when a form 1099 must be issued are pretty clear and there’s no magic language or box that you can check [...]

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Throwing A Holiday Party That Even Uncle Sam Will Love

14 December 2012

Tweet Dear corporate types, I do love the B52s but under no circumstances should “Rock Lobster” be played – and danced to – at a company party. That was my tweet on yesterday. I happened to be working at a venue not far from such a party. It was a mishmash of mostly middle-aged corporate [...]

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Guest Post: Healthcare Act: Harm or Benefit?

31 August 2012

Tweet Submitted by KRISTEN YUNKER I can appreciate all the good intentions behind the Affordable Healthcare Act. I’ve spent my life working in low-wage service jobs, without benefits; I’ve only been to hospitals for stitches and tetanus shots – which would’ve been devastating expenses for me had they not been Workers’ Comp claims. Even moving [...]

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Guest Post: Affordable Care Act and Small Businesses

31 August 2012

Tweet Affordable Care Act and Small Businesses Submitted by RICHARD N. THOMPSON I am a small business owner. I am a sole practitioner. I feel I personally pay plenty in taxes. My employees don’t have benefits. They have jobs. I can’t afford to pay benefits. But I expect to pay more in employer taxes. I [...]

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Guest Post: Why I support the Marketplace Fairness Act

27 August 2012

Tweet Why I Support the Marketplace Fairness Act: It will help millions of small businesses like mine Submitted by STEN R. WILSON Everyone seems to think that online sales tax collection is about large online companies, like Amazon, trying to crush small online businesses. My experience as a small business owner has been exactly the [...]

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