RSS from Myartsubmit.com

Do I Need A Federal Tax ID (EIN) For My Small Business

Are you a small business owner or self-employed person and you're wondering whether you need a federal tax identification number? This article will answer that question.

How to Deduct 2011 Vehicle Expenses With The IRS Standard Mileage Rate
The purpose of this article is to provide an update on the IRS mileage rate deduction, because the amount of this standard mileage rate usually changes on January 1 of each year, and so you need to know the new rate for 2011 in order to properly calculate

Changes to Schedule C, Line 1 for 2011
There are some important changes on the new 2011 Schedule C -- Profit or Loss From Business (Sole Proprietorship) -- related to the reporting of income on Line 1. This article will explain those changes and how they may affect you and your small business.

Small Business Tax Questions: What Is A Sole Proprietor
There are many terms used to describe the small business owner. The purpose of this article is to focus on one particular type of small business owner -- the sole proprietor -- so you can determine whether you fall into this category for tax purposes.

Do I Have To File A Tax Return For My Sole Proprietorship
If you are self-employed, how do you know whether you are required to report your self-employment activities to the IRS? This article will answer that question.

Self-Employed Tax Questions: Which Federal Tax Forms Should I File For My Sole Proprietorship
If you're self-employed and new to the world of taxes, there are numerous tax forms you may be required to file. Here's an overview of the most common tax forms needed by the typical sole proprietor.

Small Business Tax Questions - How Do You Pay A Part-Time Or Seasonal Employee
Do you own a small business and do the most of the work yourself? But on occasion you find it necessary to hire some help, perhaps on a part-time or seasonal basis. How do you handle these intermittent employees? This article will answer that question.

Self-Employed Tax Question: What Must I Do If I Hire Employees
If you are self-employed and hire employees to help you in your business, you have just entered the world of federal payroll tax reporting. Here's an overview of your responsibilities to the Internal Revenue Service (IRS) and the Social Security Administr

2012 Tax Breaks Are Coming
Every year we hear what sounds like good news: the IRS makes an announcement that the standard deduction and personal exemption amounts for the following year have increased due to an inflation adjustment. And this year was no exception, as we recently go

Small Business Tax Questions - Does It Matter Whether You Give Your Workers A W-2 Or A 1099-MISC
Do you own a small business and pay workers to perform services for you? If so, are you wondering whether to give them a W-2 or a 1099-MISC? Read on to find out.

Am I Required To File Form 1099-MISC
If you're a small business owner or self-employed person, you are probably well aware of the annual requirement to file an income tax return. In addition, if you made certain payments to other sole proprietors in the course of your business, you may also

What Is The Difference Between A W-2 And A 1099-MISC
If you own a business and are paying people who perform services for you, it is critical that you understand the difference between Form W-2 and Form 1099-MISC.

Small Business Tax Questions: Are You Required To Pay Employment Taxes
If you own a small business, do you have to pay employment taxes on compensation paid to your workers? Read on to find out.

Small Business Tax Questions: W2 vs. 1099 - Does It Matter
Do you own a small business and pay workers to perform services for you? If so, are you wondering whether it matters to give them a W-2 or a 1099-MISC? Read on to find out.

Tax Preparation Services - Why You Want And Need An Experienced Tax Preparer
Finding a good tax preparer can be a challenge. When it comes to credentials, there is no substitute for years of experience. Here's a story that will help communicate the importance of hiring an experienced tax preparation service rather than a novice

Small Business Tax Questions - How Are LLC's Taxed
Do you own a limited liability company (LLC) and need to know how your income from the business will be taxed? Read on to find out.

Tax Preparation Services - How To Get A Copy Of Your Income Tax Return From The IRS For Free
Taxpayers often need a copy of a previously filed tax return for any number of reasons. Perhaps you are applying for a mortgage loan or you'd like to amend a return. What do you do if you can't find your copy? The article will explain the options for this

Small Business Tax Questions - Are You Required To Deduct Expenses This Year
If you're a small business owner or self-employed person, what do you do if you have little or no income this year, along with substantial expenses? Do you have to report and deduct those expenses in the year in which they are paid or incurred? Or can you

Small Business Tax Questions: What Tax Deductions Are Available For S Corporations
Perhaps you own an S corporation and are wondering what tax deductions are available for your business? You came to the right place - read on to find out.

Small Business Tax Deductions: How Much Car Expense Is Tax Deductible
If you use your vehicle in your small business or self-employment activity, how much car expense can you write off on your income tax return? Read on to find out.

Small Business Tax Tips - I Forgot To Send Out 1099's By January 31 - What Do I Do Now
Are you a small business owner who hires independent contractors? If so, you may be required by the IRS to send out a Form 1099-MISC to those people. This article will help you determine your obligation to issue those 1099's.

Self-Employed Tax Tips - How To Pay The Right Amount Of Quarterly Estimated Tax
Do you have trouble calculating quarterly estimated tax payments? Here are some helpful tips to make the process much easier and less stressful.

Small Business Tax Deductions - How To Maximize Your Vehicle Deductions
Looking for an easy way to increase your business deductions? Look no further than your driveway.

Small Business Taxes - What Is The 1 Reason You Pay Too Much Tax
What is the Number One reason you pay too much tax?

Small Business Taxes - What Is Self-Employment Tax And Why Must You Pay It
If you are new to the world of self-employment, it's time for you to meet an old nemesis known as self-employment tax.

Small Business Taxes - How To Get An Employer Identification Number (EIN)
Do you need an Employer Identification Number (EIN) for your small business? If so, read on to find out how to get one.

Small Business Taxes - 6 Great Reasons To Pay Taxes Electronically With EFTPS
Did you know that the IRS has made it significantly easier to make your federal tax payments on time? Read on to discover the benefits of EFTPS.

Small Business Taxes - How To Contact The IRS Without Breaking Into A Sweat
Contacting the IRS need not be cause for a heart attack. This article explains how to utilize the many free small business tax resources available at the IRS.

Tax Preparation: What Happens If You Don't File A Personal Income Tax Return By October 15
Most U.S. taxpayers file their personal income tax by April 15. But many take advantage of the automatic 6-month extension by filing Form 4868, which gives you until October 15 to file. What happens in you don't file your return by the extended due date?

Small Business Taxes - What Happens If You Don't Make Quarterly Estimated Tax Payments
Do you know the answer to this question: As a sole proprietor or self-employed person, what will the IRS do to you if you don't make federal quarterly estimated tax payments?

Small Business Taxes - What Are Quarterly Estimated Tax Payments And Why Must You Pay Them
If you are a sole proprietor, a self-employed person or an independent contractor, you are faced with the probability of making federal quarterly estimated tax payments. This article provides an overview of the rules governing these payments.

Small Business Tax Tips - What's The Difference Between A Tax Deduction And A Tax Credit
Do you understand the difference between a tax deduction and a tax credit? This article should clarify the difference.

Summer Time Tax Savings - How To Get A Tax Deduction For Donating Used Items
The purpose of this article is to help you prepare Form 8283, Non-cash Charitable Contributions. The rules for reporting charitable contributions on your tax return are a bit tricky, so take your time as you read on. We'll start with some of the basics on

Small Business Taxes - What Is Your Biggest Obstacle To Paying Less Tax
What is your biggest obstacle to tax reduction? It's not what you think. Read on to find out.

Summer Time Tax Savings - How To Properly Document Your Non-Cash Charitable Contributions
Need help figuring out how much to deduct for garage sale items? This article explains how to do it.

Small Business Taxes - How To Turn Bookkeeping Boredom Into A $175 Per Hour Payday
For most small business owners and self-employed people, bookkeeping is about as much fun as a root canal. But like it or not, it must be done, otherwise you'll end up overpaying your taxes big time.

Tax Mistakes - Why Getting A Big Refund Is A Bad Idea
Find out why getting a big refund is a bad idea.

Small Business Tax Tips - How To Prepare Form 4562 In 5 Simple Steps
Preparing Form 4562 may or may not be something you can do by yourself. Read on to find out.

Small Business Tax Deductions - How To Deduct Your Next Vacation
It is perfectly legal to deduct your next vacation. Here's how to do it.

How to Prepare Form 4562 For a Sole Proprietorship
If you are a Sole Proprietor who purchased business equipment, and you'd like to deduct that purchase on your income tax return without breaking into a sweat, this article is for you. I'm going to show you how to properly fill out Form 4562 without gettin

Small Business Tax Deductions - G Is For Gifts and Gas
Here are two valid expenses you can deduct on your small business income tax return, both beginning with the letter G.

Small Business Tax Deductions - F Is For FICA, FUTA and FIDO
If you own a small business and are looking for deductions, don't miss out on these. The first two you've probably heard about but don't really understand (until now). The third one may seem far-fetched (pardon the pun) but is legitimate if the circumstan

Form 4562: Should You Prepare This Complex Tax Form By Yourself
If you are a small business owner or self-employed and you prepare your own income tax return, you will eventually run into Form 4562, one of the most complicated tax forms on the planet, if not the universe. The purpose of this article is to give you an

Small Business Taxes - Do You Need An Employer Identification Number (EIN)
If you run a small business or engage in self-employment activities, you may need an Employer Identification Number (EIN) issued by the IRS, whether or not you have employees.

Small Business Tax Deductions - How To Deduct Non-Deductible Commuting Mileage
For most folks, commuting mileage is a non-deductible personal expense -- unless you know this legal tax loophole.

Schedule C Tax Deductions - How To Deduct The Cost Of Goods Sold
Are you a sole proprietor who sells a product? Then you need to know how to deduct expenses related to the sale of those products. The purpose of this article is to give you an overview of what is potentially your biggest tax deduction.

Schedule C Tax Tips - What Payroll Tax Forms Should You File
If you own a sole proprietorship and have employees, what payroll-related tax forms are you required to file? This article will answer that question.

Schedule C Tax Tips - What's Deductible
Find out how to answer the most commonly asked tax question.

Schedule C Tax Tips - What Income Tax Forms Should You File
Are you running a small business as a sole proprietor? Are you confused about which tax forms you are required to file? Here's an overview of the most common forms you'll need to prepare this tax season.

Schedule C Tax Tips - Why Filing Schedule C-EZ May Be A Big Mistake For Your Small Business
Are you a sole proprietor who files the shorter Schedule C-EZ rather than the traditional (and longer) Schedule C? If so, please read on to find out why you may be making a big mistake.