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HI All, Just a point of information. If you have not filed your 2012 tax return, my advice is to file for an extension to play it safe, Once the Extension is filed you will have until October 15, 2013 to complete and mail or e-file your return. Also check to see if you need...

Hi all, This has been a problem for quite a few years, the IRS legal explanation is you must make a profit within the first 5 years, not 3, they do not care if you make a $1.00 its still a profit, but it must be shown in the last 2 years of business startup. Basically as...

this is a better listing from the IRS Releases the Dirty Dozen Tax Scams for 2013 IRS YouTube Video Dirty Dozen: English | Spanish | ASL IR-2013-33, March 26, 2013 WASHINGTON — The Internal Revenue Service today issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use...

]Afternoon Webbly, Any asset that you purchase is not a taxable item on your tax return, it is a depreciable item for a period of 3 years with a 4 year life at straight line depreciation, with a 4 year life, meaning depending on the month and day it is put in service, the depreication...

the only way that you can get your 1099 misc is from the company that you were driving or leased to. What I would do is file for an extension or if you know the company who you worked for check your settlement papers and take the total of the income you received prior to any deductions and...

SSI Income is not taxable, due to the fact it is state Supplement Security Income

Paullud, Could you please explain that a little further? Pretend you are talking to a child. Can you do my state taxes in NY too if I use your services...

As long as she gets the 1099 from the company you can take the per diem on her Sch C only

Webbly, I do not know where you are getting your information from, but what you are saying to do it totally Illegal, Here is the problem, if you put anything into a personal account and your audited GUESS WHAT, THEY GOT YOU DEAD IN THE WATER. WHEN THE WANT TO SEE THE BUSINESS PART FIRST...

Webbly, Would you please be more specific as to what you are stating, connect with what department and what file are you trying to find.

there are a number of trucking software out there but they are very expensive and really not necessary if you sue the software I suggested you should be able to insert what ever your looking for and can use they as a combination like Quicken Personal and Business, or QuickBooks Pro, Excel or...

There is a lot more involved with the Corporation or Partnerships, basically with both the IRS basically requires you to keep minutes and have meeting at least once a month, draw a salary, pay federal withholding, unemployment, social security and medicare tax from your salary and quarterly...

Hi Pullld, Who issues the 1099 to her, is it the company you drive for or yourself, Bascally the per diem is for the driver(s), and not for helpers even though she drives with you, but does she drive the vehicle, if she does not have a CDL the per diem cannot be used as a deduction for her...

Hi All, If any of you are interested I have available to you free of charge a 2012 income tax organizer, which comes in 2 part, Part 1 is for your individual information and any itemized deduction you are able to deduct, part 2 is for you trucking or any business entity that you would have...

Hi All, there is a problem with turbo tax if you live in the state of Minnesota, According to the state, there are problem with there returns with in all of the Intuit labeled software, weather it be Turbo Tax, Turbo Tax Online, and there 2 professional versions that were sold under the...

Thank you Archer

Its only a suggestion, the main thing is if you play with numbers They will AUDIT YOU, if they feel the return doesnt jive to them. If you use the standard mileage deduction for a vehicle that is over 10,000 GVW, You could be disallowed the deduction due to the phrase "FOR HIRE", OR IF YOU...

I have available to all a 2012 Trucker Income Tax Organizer, Complete listing of allowalbe deductions (16 pages broken down by catergory and items) and other information that is available by request, Please forward your e-mail address requesting this information to...

Llc's the uglyHI ALL, THIS IS THE FINAL AND THIRD STAGE OF THE LLC, IF THESE DECISIONS ARE NOT MADE. YOU WILL HAVE PROBLEMS. PART III LLC'S THE UGLY 1. Improper formation of the LLC- Failure to meet taxpayers needs A. When the LLC is not the proper formation: 1. Business operates crossing...

Llc's part ii the bad.AD: PART II LLC Disadvantages While a limited liability company (LLC) offers many advantages over other forms of business entity, there are also some disadvantages. Some of the drawbacks to selecting an LLC over another entity are: * Earnings of most members of an LLC are...