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Archive for the ‘United States’ Category

October 15th, 2009 - 7:55 am § in United States

Home based business for someone with tax background?

Ann N asked: I have an accounting degree, specifically in taxes and looking for a home based business that fits my back ground. Any ideas?Create a video blog…instantly. [...]

September 13th, 2009 - 2:18 pm § in United States

W4 for two jobs and home based business?

Mexempt asked: I have a home based business and two full time jobs. Someone told me I should claim 9 exemptions on my W4’s for my jobs, because I have a business. Is this legal? If so what kind of exemptions could I claim?Serving Beer [...]

August 22nd, 2009 - 6:32 am § in United States

Home-based Business. What if I have next to nothing coming in for how much I am deducting in taxes?

rothchristian asked: I am looking into setting up a home based Business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I want this to be legitimate but I know I will be making very little money and writing off a [...][...]

August 16th, 2009 - 12:47 am § in United States

If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?

moopoo55 asked: Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t owe any taxes for 2003 and 2004 but instead am due a refund. I’m working to get a good accountant but find that most don’t know about tax shelters, estates, or any o[...]

April 28th, 2009 - 6:01 pm § in United States

Can i take deductions for a home based business beyond the revenue i brought in?

mwright555 asked: I under withheld in my regular full time job and owe alot in taxes…i have a part time home based business that i spent alot more on than i made, can i use deductions to offset the revenue as well as lower my gross income from my regular job? I read u can [...][...]

February 4th, 2009 - 3:48 pm § in United States

Ending a home based business – what are the tax implications?

Eric M asked: I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes? Additionally, does anyone know of any resources that indicate what the implications are of stopping a home bas[...]