What is the tax liability for someone that leases a business? As an employee or as an independent contractor?
jsep20 asked: I know it sounds strange, but say someone leases a business and come tax time, their income tax return is filed as an employee. Would it be possible to amend the tax return? Would a business owner via lease be considered an independent contractor? If so, what requirements are necessary to be an [...]
What will happen if you did not file your new business income tax because no profit gain?
curious newbie asked: Just started my small home business September 07. I am still not familiar with business income tax issue. Since I did not gain any profit, I decided not to file my business income tax for 07. Am I going to be in trouble if I start filing it for 2008?.
Do I have [...]
Are there tax benefits if I get a business lisense for selling things on online auctions?
Jack asked: I’m thinking about turning my online selling into a business, and I’m trying to get a feel for the tax-related pros and cons of making it official.
Here are 2 questions:
(1) I understand that I can write off business expenses on my tax returns. That includes computer equipment, trips overseas to purchase [...]
Is there a special license that is required to consult with someone (in Calif) about income tax issues?
Boris The Spider asked: It is an internet home business (based in California), but the clientelle may come from anywhere. Any links to resources, information about internet home business relating to tax consulting would be helpful. Thank you.
