Posts tagged as:

business

Taxing Cell Phone Service: What Will It Cost You?

14 June 2009

Following up on my earlier post about the IRS taxation of cell phones, I’m curious to know what the average cell phone bill is for my readers. The cost of the phone service will be a consideration for purposes of taxation – I’m guessing the cost of the phone will be included, as well. JD [...]

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23 Ways to Cut Your 2008 Business Income Tax Bill

30 December 2008

I previously blogged how to cut your 2008 individual income tax bill. I could hear the comments as I was writing: what about my business? Well, never fear! Following are some last minute suggestions to help save on your 2008 tax bill. But first, a word of caution: Just as with individual tax considerations, there [...]

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Rethink Pink: Mary Kay May be a Hobby, Not a Business

20 July 2008

At my BlogHer session on blogging and tax, I raised the issue of hobby loss rules. This is an incredibly important matter not only for bloggers but others who work in small or home businesses. Just ask Brenda Konchar. Brenda Konchar, a Mary Kay Cosmetics representative, reported her Mary Kay activity as business income; the [...]

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BlogHer Notes

18 July 2008

A mere few hours after our session, Linsey already has her notes and handouts up – as does Sabrina… Egads, the pressure! So here are my handouts, all available to download as pdf: 1, 7 Things Every Blogger Needs to Know About Tax 2, 46 Deductions that Bloggers Overlook 3, Helpful articles and resources I’ll [...]

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Should You Incorporate?

6 July 2008

Hmm… I get asked about incorporation for the sake of taxes quite a bit. So, I decided to tackle it for my guest post over at Problogger. Check it out! If you have other questions, don’t forget to ask the taxgirl!

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All I Need to Know About Being a Tax Attorney, I Learned From My Daughter

28 May 2008

My oldest daughter, Katie, came home from school in a mood one day last year. When I asked her what was wrong, she sighed and said, “Chelsea runs faster than me.” And she sighed again. I thought for a moment and said, “Katie, not everyone can be good at everything. I’ll bet you there is [...]

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Fun Friday Wraps Up and We’ve Concluded: Gas is Expensive!

23 May 2008

Fun Friday has wrapped up on the channel – there are lots of great posts about the price of gas and how it affects each of us. I hope you take the time to check out them out! How Many Miles to the Gallon is That? http://www.doingbizabroad.com/how-many-miles-to-the-gallon-is-that Toll Hopping at the Pump http://www.talkstocktrading.com/toll-hopping-on-the-weekend/ How Much [...]

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Ask the taxgirl: Cell Phone Plan

14 April 2008

Taxpayer asks: The reader who asked the question (regarding your Feb 28 cell phone deduction post) seemed to presume she’d deduct the cost of the “extra line” (which is usually a minimal cost), but let’s say she was just getting her phones set up from scratch. Could she have given her brother the primary line [...]

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Opportunity is knocking.

6 September 2007

Admit it. Every now and again, while perusing taxgirl.com, you think, “Boy that sounds like fun!” No, not the tax part. I know most of you don’t think that sounds like fun (though I swear it is). The blogging part. Well, here’s the deal: it is. But it’s also a lot of work. Fun work. [...]

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Fix The Tax Code Friday: Hobby Loss Rules

27 July 2007

I’m in Chicago today for the BlogHer Conference, where I will be speaking about blogging and tax. One topic that I plan to focus on is the issue of hobby versus business, which I addressed earlier in an “Ask the Taxgirl” segment and in my Problogger guest post. Briefly, the IRS allows you more favorable [...]

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