If you are self employed, you do not have an employer that withholds income tax. You have to take care of accounting and paying your taxes quarterly. You do this by filing Form 1040-ES available with instructions on the irs website. This package includes four payment vouchers. The dates for 2013 are: April 15 June […]
These articles cover the basics of what is involved for self employed people paying taxes including informatoin about the tax deductions and filing.
Quarterly Estimated Tax Payments Form 1040-ES by Self Employed Web Team (Tuesday, July 16th, 2013)
Biz Expense Basics by Andy Jones (Sunday, September 2nd, 2012)
A business expense is an ORDINARY and NECESSARY expense for your trade, profession, or business . In addition, the expense MUST also be REASONABLE.
Corporation vs. LLC – Explaining the Basics by Andy Jones (Sunday, September 2nd, 2012)
Corporation vs. LLC – – S Corp Vs LLC – Explaining the Basics-Self Employed Health,Business and Tax Advice – Self Employed Web. The Corporation vs. the LLC – In this article: Corporations, S-Corporations, L.L.C.s, Taxation, different rules for single-person LLC s, tax forms, and more…
Charitable Donations by Andy Jones (Wednesday, November 2nd, 2011)
As the end of the year quickly approaches, remember that you may be able to use your gifts to qualified tax-exempt organizations to reduce your taxes.
State Tax Forms by Andy Jones (Thursday, September 2nd, 2010)
Free state tax forms source. We have attempted to compile an accurate list of state tax form sources which is free to you. We cannot guarantee the accuracy of this state tax form information.
Good Tax News by Andy Jones (Saturday, September 2nd, 2006)
Ah, the festive holiday season! A roaring fire, a warm cup of eggnog and seasonal music on the sound system as the family, bundled in their jammies, gathers together to plan next years tax strategy by the light of the Christmas tree.
IRS Disaster Relief by Anne-Marie Pollowy Toliver PhD (Monday, February 20th, 2006)
How a disaster victim can get the most tax refund from the IRS
The IRS claim process is straight forward if you understand it. There are basically only two steps in it:
you (the disaster victim) have to provide proof of your loss in terms of dollar value;
you and/or your tax consultant use your proof of loss to develop the best possible strategy to reduce your tax liabilities and maximize your potential refunds.
Tax Tips: Last Minute Filers by Clifford Mee (Wednesday, March 31st, 2004)
With the tax filing deadline close at hand, here are some tips for those still working on their paper tax forms: Put all required Social Security numbers on the return (theyre not on the label) Double-check your figures Sign your form Attach all required schedules Send your return or request a filing extension by April 15.
Taxing Questions by Doug Bartholomew (Sunday, November 2nd, 2003)
No sooner had the ink dried on President Bush’s signature on the Jobs and Growth Tax Relief Reconciliation Act of 2003 on May 28 than small-business owners began scratching their heads, wondering just what the new tax package held in store for them. To find out, we tracked down four national experts to learn exactly how the new tax measure affects small businesses.