The next afternoon we all met at Adam’s house again with our money. Adam played banker and sold everyone chips. To start with we all bought ten dollars’ worth. After a short time I was up to close to twenty bucks in chips and thinking this game was really easy. That was before my...
As was implied above, different business entities (sole proprietors, LLCs, S Corps, and C Corps) come with very different tax implications. If you are in the process of starting a business, I’m sure you are wrestling with the decision of which entity to choose. I truly wish I could ...
That's a day earlier than it started processing business filings last year, but still about two weeks earlier than the agency is expected to start... Read more → Posted on Friday, January 03, 2025 at 03:47 PM in Business, Filing, IRS, Tax planning, Tax Tip, Taxes | Permalink | ...
The business tax does not have deductions for interest payments, dividends, or any other type of payment to the owners of the business. As a result, all income that people receive from business activity has already been taxed. …The resulting simplification and improvement in the tax system is...
ALAN DUVALL
Download MileIQ to start tracking your drives Automatic, accurate mileage reports. Get Started Hopefully, you're already tracking your miles in order to get the largest mileage deduction you're entitled to. But, what counts as a business drive? Let's go over what trips the IRS considers as ...
intimidating and stressful process and silver tax group had my back every step of the way and even… patrick g google review i started an at-home business at the start of covid. my business has grown immensely since then, so i knew it was time i hired true professionals to handle my ...
If your business claims a net loss for too many years, or fails to meet other requirements, the IRS may classify it as a hobby, which would prevent you from claiming a loss related to the business. If the IRS classifies your business as a hobby, you'll h
The fact is thatthere are scammers galore out there. They can seem innocent at first, but they’re playing on your emotions from the start. Before long, they’ll try to sucker you into giving up your personal information and money. ...
The Fresh Start Program increased the debt threshold that triggers a tax lien. Now, you have to owe $10,000 or more before the IRS places a lien on your property. Previously, $5,000 was all it took to find yourself on the business end of a notice of federal lien. The tax debt ...