Tax tips and guidance built for small business owners and the self-employed — deductions, filings, and the stuff that actually applies to you.
Today’s question was not emailed but asked in person at BlogHer! It was asked after my session, so I thought I’d post it for the benefit of everyone. Taxpayer asks: Do I have to pay sales tax on sales through my web site? Taxgirl says: This is such a loaded question. I’ll start off by…
My BlogHer session is later today. For those of you who couldn’t make it, or for those of you who want a recap, here are some details worth noting: Anne-Marie Nichols will be live blogging the session, so take a peek at her site for all of the juicy bits Nina Smith, of Queercents, will…
My BlogHer session is later today. For those of you who couldn’t make it, or for those of you who want a recap, here are some details worth noting: Anne-Marie Nichols will be live blogging the session, so take a peek at her site for all of the juicy bits Nina Smith, of Queercents, will…
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…
Taxpayer asks: In doing some side work, a client sent me a W-9 to fill out and return. Why would they do that, and why is this the first time I’ve received one from a client? Is my new client somehow reporting this income or putting it down as an expense, maybe? Taxgirl says: Independent…
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…
That’s what many folks think when asked to consider whether they will be affected by the AMT (Alternative Minimum Tax). But here’s where they’re wrong: the AMT is hitting middle class America more often. We’ve even argued about it a little bit on the blog (be sure and read the comments). And the consensus is…
I wouldn’t think of it! There are lots of ways to incorporate work and play into your life and what better time to think about it than now, when the weather has turned nice here in the northern hemisphere? So, in honor of the nice weather, today our Business Channel bloggers are offering their thoughts…
Taxpayer asks: Wow, your website is really helpful! I have some Independent Contractor/Schedule C questions: Is it possible to deduct “professional development” costs? i.e. things I did or classes that I took that make me better at doing what I do as an individual in my very small business. My father thought it would be deductible,…
Taxpayer asks: When figuring home office deduction for a separate structure like a garage, do you include the full square footage of the house and the garage or just the garage when it asks for office space? Taxgirl says: Assuming that you don’t pay separate utilities, etc., for the garage space, it makes the most…