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How to File Federal Income Taxes for Small Businesses - TurboTax ...


When it's time to file a federal income tax return for your small business, there ... or a spreadsheet to organize and keep track of all transactions during the year, ...

A Guide to Your First Year of Business Taxes - Grasshopper


Feb 4, 2016 ... It did for me my first year in business. ... If you're a small business owner, you'll first have to determine which kind of business category you want to fall into. ... little more time, you can file for an extension on your business taxes.

I survived an IRS tax audit - Feb. 23, 2011 - CNN Money


Feb 23, 2011 ... About 1.6 million people found themselves in this situation last year, according to the IRS. ... The problem was, I told her, it was my husband's business. ... Because I live in New York City, and my name was first on the tax filing, the audit was triggered here. ... Latest Small Business Question; Ask a Question.

Six Common Tax Misunderstandings - and How to Survive Them ...


Feb 16, 2015 ... During the first few months of the year, I read lots of articles and ... It's not surprising since filing income tax paperwork is part of the life ... of income tax brackets simply and clearly enough that my nine year old can understand how they work. .... Audit horror stories often come from a very small segment of...

How To Pay Little To No Taxes For The Rest Of Your Life | Financial ...


To generate passive income, you've first got to save a lot. ... You might be wondering how does someone survive if their entire $60,000 in income ... Start Your Own Small Business: I encourage everyone to start their own small ... Finally, I contribute over $50,000 a year pre-tax to a Solo 401k because I run my own business.

How to Do Your Taxes for Beginners | The Art of Manliness


Feb 29, 2012 ... That 15% is what's known in the business as your… ... Tax deductions are certain expenses you've had during the tax year ... To keep all my tax forms in one place, on January 1st I label a plain ..... I started a small business last January and I used Lou Patten CPA in Lake Worth to do my business planning.

5 strategies to beat a small-business tax audit - CNBC.com


Mar 7, 2014 ... Some small businesses may be at higher risk for an audit this year. ... from a year to 18 months after you file," said tax attorney Fred Daily, ...

2015 Federal Income Tax Brackets - NerdWallet


Dec 1, 2015 ... Which federal income tax bracket do you fall into? ... First, exemptions and deductions are subtracted to determine your taxable income. ... and if you file paper returns, the IRS instructions provide tax tables with net taxes owed on every ... If I make 160000 a year and taxes are still 10% my taxes are 16000.

Five tips to help small business owners survive tax time - The Globe ...


May 20, 2016 ... More than three quarters of small businesses listed their tax burden as their most challenging issue in 2013. ... Try Globe Unlimited- 99¢/week for the first 4 weeks ... To help make tax filing a little less taxing this year, here are some ... up the call centre, use the My Business Account online service instead.

Times Got Rough, so I Stopped Paying Some Taxes. It Almost Killed ...


Apr 8, 2010 ... I should have been leaving money in reserve for my payroll taxes, but I didn't. ... This article is part of a series on how three entrepreneurs survived run-ins ... with the IRS when my business as a motivational speaker and sales ... By the first quarter of 2000, the collection notices from the IRS started to arrive...

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First-Time Business Owners: A Brief Guide to Tax Filings


Apr 21, 2015 ... First-Time Business Owners: A Brief Guide to Tax Filings ... If you're a calendar- year taxpayer, your tax filing date is April 15. ... which is part of Form 1065, to the partners or LLC members by the filing date for Form 1065. .... 12 Passive- Aggressive Text Phrases I Use That Are Destroying My Business.

Your First Business Tax Return - Entrepreneurs - About.com


It's your first year in business, and tax time has arrived. How does the new business owner prepare for getting those returns filed accurately, timely and achieving the most ... Small Business .... How is My Home Business Deduction Limited if My Business Has a Loss? ... 9 Business Ideas That Will Survive a Bad Economy.

Freelancers, Here's How To Do Your Taxes - Forbes


Jul 18, 2014 ... Freelancers, Here's How To Do Your Taxes ... their first year, they survived, and then they have a $5,000 tax bill and now they ... Florida-based certified public accountant who focuses on small business owners, tells the story of a client who came to her while being audited after having used TurboTax to file.