Work at Home Team Forum Index Work at Home Team
We help you grow your home business
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Income Taxes: Your Home Based Business

 
Post new topic   Reply to topic    Work at Home Team Forum Index -> Free Articles
View previous topic :: View next topic  
Author Message
honestwork
Super User


Joined: 24 Jul 2003
Posts: 459

PostPosted: Wed Jan 12, 2005 5:00 pm    Post subject: Income Taxes: Your Home Based Business Reply with quote

This article is freely available for reprint provided that the
resource box at the end of the article is left intact and the
article is published complete.



Income Taxes: Your Home Based Business


Understanding your Tax obligations relative to your Home Based Business can be a confusing issue. The IRS has been more attentive to the claims made by Home Based Business operators; therefore it is imperative that we educate ourselves about our obligations and responsibilities.

The IRS website provides information regarding Home Based Business tax obligations and requirements.
http://www.irs.gov/index.html

IRS Workshops:
The IRS website provides a list of workshops that are sponsored by IRS partners who are specialist.

They provide a variety of topics:
General Tax information
Record Keeping
Insurance
Retirement Plans
Online Classroom



What Can I Deduct?

Self-Employed Individuals or Independent Contractors

2003 & 2004 Tax Changes for Businesses

Employment Taxes for Small Businesses



Several Home-Based Tax Schemes have developed in the past year. The IRS has issued warnings in order to help us avoid the pitfalls of false claims.

Tax Scams - How to Recognize and Avoid Them

These schemes manipulate and misinterpret tax laws.
Related News, Court Cases and Tax Law

Internet Driven Home Based Business income is based on Commissions.

The full amounts of any commissions you receive are treated as income. This is true whether your commission is called a bonus or a percentage, and whether it is based on both your sales and the sales of other sellers working under you or on purchases from the company with which you are affiliated. You are taxed on gross income minus expenses.

Tax Services and Products:

Information Returns Processing

Small Business Products Online Ordering

Approved IRS e-file for Business Providers

Avoiding Problems

Business Forms and Pubs


Written by Tina M. Rideout. Free Internet Home Based Business Training Series

http://free-internet-home-based-business.com/
Back to top
View user's profile Send private message Send e-mail Yahoo Messenger
Display posts from previous:   
Post new topic   Reply to topic    Work at Home Team Forum Index -> Free Articles All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Provided by Work at Home Team Powered by phpBB © 2001, 2005 phpBB Group