With Black Friday on its way, will the internet stay tax free? Speaker Boehner has signaled that he will not support the Main Street Fairness Act. However, with the moratorium on taxing internet access under the Internet Tax Freedom Act about to expire, is there room for compromise?
Read MoreCategory: small or home-based business
Credit Cards, The IRS, Form 1099-K And The $19,399 Reporting Hole
Many taxpayers cheered in 2008 when the Housing and Economic Recovery Act, or HERA, was signed into law by President Bush. The bill was designed
Read MoreHouse Votes To Make Small Business Tax Break Permanent
This week, the House voted to not only extend a tax break for small businesses but to make it permanent. The specific provision that the
Read MoreIRS Backs Down, Returns Seized Cash To Family Businesses
Think you always have a right to due process? Think again. Under some circumstances, the federal government believes that it has the right to seize your property without notice and without a requirement for a speedy hearing. Taxpayers in Michigan, with the help of the Institute for Justice, are fighting back.
Read MoreBaucus & Camp Talk Reform As Tax Road Show Rolls On
Senate Finance Committee Chairman Max Baucus (D-MT) and House Ways and Means Committee Chairman Dave Camp (R-MI) made a stop in Philadelphia as part of their bipartisan roadshow for tax reform. Small business owners talked tax and business – and no surprise, simplification and certainty topped their wish list.
Read MoreHot Tips For Safeguarding Business & Tax Records
The rains and extreme weather continues to pound parts of the country this week. Earlier, I posted about taking steps to protect your personal documents
Read MoreExtreme Weather Serves Up Important Reminders To Taxpayers
I’ve spent much of this week de-icking my house. I’ve bailed water out of my basement, wiped mildew off of furniture, and emptied the dehumidifier
Read MoreAsk The Taxgirl: Home Offices And Capital Improvements
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
Read MoreSome Small Businesses Take A Hit From Sequestration
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
Read MoreAsk The Taxgirl: Promotional Expenses & ‘Lost’ Revenue
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
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