Archive for January, 2008
January 11th, 2008 -- Posted in Taxes |
Today I was reading I Help You Blog’s “101 Great Posting Ideas For Your Blog”.
It is a great post with lots of ideas and it inspired me to write 101 Tax Deductions for Your Online Business.
These deductions are all perfectly legal, however, the IRS is picky about how you take them. So make sure to do some research, or engage the services of a professional, before you take these deductions on your tax return.
Now, on to your 101 Tax Deductions!
Online Deductions
01. Web Hosting
02. Internet Connection
03. PayPal Charges
04. AdWords Ads
05. Web Designer Fees
06. E-Books Purchased for Business Use (Not for Sale, those would be inventory and that’s another post!)
07. Affiliate Fees
continue reading »
January 7th, 2008 -- Posted in Taxes |
Earlier is better when it comes to working on your taxes. Taxpayers are encouraged to get a head start on tax preparation, especially since early filers avoid the last minute rush and get their refunds sooner.
Here are seven easy ways to get a good jump on your taxes long before the April deadline is here:
1. Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don’t forget to save a copy for your files.
continue reading »
January 1st, 2008 -- Posted in Taxes |
If you pay someone to prepare your tax return, choose that preparer wisely. Taxpayers are legally responsible for what’s on their own tax returns even if prepared by someone else. So, it is important to choose carefully when hiring an individual or firm to prepare personal returns. Most return preparers are professional, honest and provide excellent service to their clients. Here are a few points to keep in mind when someone else prepares your return:
- A Paid Preparer is required by law to sign the return and fill in the preparer areas of the form. The preparer should also include their appropriate identifying number on the return. Although the Preparer signs the return, you are responsible for the accuracy of every item on your return. In addition, the preparer must give you a copy of the return. continue reading »
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