Tax Information For Work At Home Moms

They say there are only two things guaranteed in life. Death and taxes. For the new work at home mom, taxes can be a confusing topic. Is it better for you to incorporate or run your company as a sole proprietor? What can you consider business expenses – is the latte with with your business partner really a write off? Can you hire your teenagers to do small tasks for your business? Do you need an accountant as a work at home mom or can you still use a big chain to prepare your taxes to save some cash. We’re not accountants – and we don’t claim to replace the advice of one – but we hope we can lead you in the right direction via the articles below.

Eight Tax Resolutions for 2012

Tax Issues by Eva Rosenberg 0 comments

It’s a nice, bright, clean new year. You’re business is going to be fabulous, regardless of the economy. You’re going to get great ideas and tips here at www.itsawahmthing.com and from our bloggers’ sites.   So, since you’re going be so profitable, it’s worth your while to minimize your taxes.   Here are some resolutions for you. [...]

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Buying A Business vs Building Your Own Business

Tax Issues by Eva Rosenberg 1 comment

The other day, someone told me that he wanted to buy a business, but the guy owed a lot of back taxes. He was concerned that he would be responsible for the previous owner’s back taxes. Very wise. And oh so correct. In fact, he might have owed taxes that had not even been assessed. [...]

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Hiring Your Children

Tax Issues by Eva Rosenberg 0 comments

Shortly after I first started the TaxMama.com website, a fellow approached me to be an affiliate for his tax product. The cost was about $500, plus various add-ons. He promised very generous commissions. But I got this intense snake-oil sensation and wanted nothing to do with him. Sure, the advice seemed to be backed up [...]

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The IRS Is Wrong

Tax Issues by Eva Rosenberg 0 comments

When you get a notice from IRS telling you about an error on your tax return, do you automatically believe IRS must be correct? Many of those correction notices IRS sends out are wrong. That’s why they are labeled “Proposed” changes. Frequently, the apparently missing information is somewhere on your tax return – just not [...]

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