Entries tagged Business Tax

Can making your home based business a Corporation give you a tax break?

MES asked:


If anyone knows anything about taxes can tell me if I am self employed with a home based business and file it as a Corporation, can this help me in any way on my taxes.

If yes, please explain.

Thanks

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Published: Dec 23rd, 2009

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 based business write-off?

I see lots of information on how/what to write-off for a home based business, but can’t seem to find anything on what to do when that ends.

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Published: Dec 2nd, 2009

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?

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Published: Mar 6th, 2009

I bought an ice cream truck is that a home based business?

reddaisy asked:


Do I need a tax id # is that considered a home based business
what can i write off? Can I write off the truck ?the interest on my truck payments?

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Published: Feb 25th, 2009