January 7th, 2010 by admin
Question: $2,000 tax on $8,000 income?!?
I recently became a self-employed Pilates instructor (because there is no other kind), and am preparing my self-employment tax forms. I have estimated that I will make $8,000 for the second half of this year. And after calculating the honest way, my taxes owed on this [...]
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March 12th, 2010 by admin
TurboTax answers your homebuyer credit questions
The April 15th tax deadline is not that far off. Still, readers have questions on whether or not that qualify for the homebuyer credit. Bob Meighan, TurboTax vice president of consumer advocacy, answered some of the more complicated questions.
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March 12th, 2010 by admin
Perficient Reports Fourth Quarter and Year-End 2009 Results
ST. LOUIS—-Perficient, Inc. , a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today reported financial results for the quarter and year ended December 31, 2009.
President Obama Holds a Health Reform Town Hall in New Hampshire
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March 11th, 2010 by admin
Question: I received a Form 1099-MISC from one of clients. My consulting company is an S-Corporation. What shall I do?
My understanding is that the Form 1099-MISC is used for outside contractors/consultants who are registered as Sole Proprietorship companies (required to furnish a Schedule C).
Answer: Depends, if the 1099 is in your name or company name. [...]
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March 11th, 2010 by admin
Business Briefs
State of Village address SHOREWOOD — The Shorewood chamber’s annual State of the Village address will be from 11:30 a.m. to 1 p.m. at Troy Township Community Center , 25448 Seil Road. Mayor Rick Chapman will give the presentation. The cost is $15 for members and $20 for nonmembers. The cost includes lunch. To [...]
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March 11th, 2010 by admin
Question: How do I enter a 1099-misc form as foreign income?
My husband works overseas and was given a 1099-misc. Its completely foreign income. I’m using turbotax and can’t find the foreign income option for a 1099-misc. HELP!
Answer: If your husband is a US Person, then he treats this like any other self-employment income and it [...]
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Tags: egregious mistake, estimated taxes, federal income tax, Income Tax, IRS, self employment tax, self employment taxes, Tax, tax bill, taxes
