When Children Owe Taxes
Resources: IRS Publication 929 Filing Requirements FAQ Why YOU Should Care: If your dependent children earn income – either through a part-time job or interest
Resources: IRS Publication 929 Filing Requirements FAQ Why YOU Should Care: If your dependent children earn income – either through a part-time job or interest
Resources: Instructions for 2012 Schedule C IRS Guide to Deducting Business Expenses Why YOU Should Care: If you pay fees in the course of maintaining
Resources: Gift Bag Questions and Answers Why YOU Should Care: If you receive gift bags (or “swag”) from business conferences, you should know they are
The thing that tends to cause the most stress and uncertainty in a new business is the money. Will there be enough? How will
Resources: IRS Publication 590: Individual Retirement Arrangements (IRAs) Roth IRAs Why YOU Should Care: A Roth IRA provides qualified individuals a way to save for
Resources: Understanding your IRS Notice or Letter Taxpayer Advocate: Receiving an IRS Notice Your State’s Department of Revenue Website Why YOU Should Care: If you
Getting Started First, any business needs its own bank account. Open a separate checking account at your bank and devote it solely to the income
Resources: Order a Transcript Online Form 4506, Request for Copy of Tax Return Form 4506-T, Request for Transcript of Tax Return Why YOU Should Care:
Resources: IRS Publication 521 2012 Form 3903 and Instructions IRS Tax Tip 2011-37: Moving Soon? Let the IRS Know! Why YOU Should Care: If you
Resources: IRS Publication 590: Individual Retirement Arrangements (IRAs) Why YOU Should Care: You may be able to deduct some or all of your contributions to
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