Twitter Tax Tips #11
Expense it! In 2008, businesses can expense up to $250,000 of §179 property instead of depreciating. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
Expense it! In 2008, businesses can expense up to $250,000 of §179 property instead of depreciating. #TwitterTaxTip
(For more on twitter tax tips, see my prior explanatory post.)
So you’re really fired up about those new 1099 reporting requirements for 2012, right? The ones that are going to cause all of those headaches for you and your small business? You’ve bellyached about it on twitter. You’ve railed against it on a number of blogs. You’ve griped about it on Facebook. You’ve passed along…
If you’re still looking for ways to minimize your tax this year, remember that you can make contributions to your IRA thru 4/15 #TwitterTaxTip (For more on twitter tax tips, see my prior explanatory post.) Kelly Phillips Erb Kelly Phillips Erb, known as Taxgirl, is a tax attorney, writer, and speaker who explains tax news,…
It’s just a few days until ask the taxgirl goes live! Be sure and tune in on Wednesday, July 11 at 3:00 p.m. (EST) to find the answers to your biggest questions. The topic is independent contractors. This includes a number of writers, bloggers, artists, freelancers, builders and service providers (architects, attorneys, accountants) – you…
Earlier this week, the Internal Revenue Service (IRS) issued proposed regulations for Section 199A, a key element of the Tax Cuts and Jobs Act. The section 199A deduction, sometimes called the pass-through deduction, allows sole proprietors and owners of pass-through businesses a deduction of up to 20% on business-related income to bring the overall rate lower. If…
Taxpayer asks: Our company is closing its doors as of this month. When are we required to file 1099’s for the payments made in 2008? We will not be around in February of 2009. Taxgirl says: I’ve checked around and it doesn’t appear that there is any prohibition against sending them early. I say, send…
The IRS wants to remind small businesses that help is available for tax questions. Some key numbers to put in your contacts: Business and Specialty Tax Line (800) 829-4933 Electronic Federal Tax Payment System (EFTPS) Hotline (800) 555-4477 Forms (IRS) (800) 829-3676 You can see more helpful telephone numbers on the IRS web site. Information…