Some truths in life — and business — are better left unspoken, particularly when it comes to federal taxes. If an unexpected tax bill or audit comes your way, bear in mind these five things you should never say to an IRS agent. “I’m going to fight this tooth and nail!” Expressing anger often escalates …
Short on cash? Bartering can help you to obtain all sorts of products and services (anything from a new website to a doctor’s appointment) without paying out of pocket. But be advised: Uncle Sam requires you report the fair market value of anything you receive in exchange for goods or services you provide — and …
Whether you believe that entrepreneurs are born or made, small-business ownership requires you to perform diverse duties, some of which you may know very little about. The more skills and knowledge you possess, of course, the less paid assistance you’ll need. So, why not educate yourself? Many community colleges and online universities offer basic business …
If you operate a business within the United States, you are supposed to file some tax returns with the Internal Revenue Service (IRS). This should be done accurately and within the stipulated deadline or else face penalties or fines. To make things easier, you can make use of a small business tax calendar which is …
The Internal Revenue Service (IRS) has a number of forms that are used by companies and individuals to file their income tax returns. One of these is Form 1099 which is used to file any miscellaneous income from sources like dividends, unemployment compensation, bonds and capital gains among others. The form should not be used …
The “Making Work Pay” credit is a provision in the American Recovery and Reinvestment Act that was created as a way of offsetting the taxes paid by middle and low income earners for the year 2009 and 2010. The tax credit that can be refunded goes up to $400 for single individuals or $800 for taxpayers …