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Recent Articles

Reporting Self-Employment Business Income and Deductions
Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier. Read more…

Tax Tips for Sole Proprietors
As a sole proprietor, you are in charge of your own business. You'll face additional taxes and reporting requirements, but you may also be eligible for certain business tax deductions. Read more…

What is IRS Form 8829: Expenses for Business Use of Your Home
One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim. Read more…

What Online Business Owners Should Know about IRS Form 1099-K
If you are an online retailer and accept credit card payments over the Internet, you may also have to deal with reporting any 1099-K forms that you receive from credit card or third party processors. Accounting for these forms accurately is important to ensure that you do not pay too much or too little tax. Read more…

How the PATH Act Benefits Small Business Owners
Small businesses create jobs and help drive economic growth, and they can improve their bottom line at tax time under the Protecting Americans from Tax Hikes (PATH) Act that was passed in 2015. Recent provisions in the Act extend and protect certain tax benefits for businesses, making long-term planning easier for fledgling companies, entrepreneurial firms, and startups, to name a few. Read more…

More Small Business Taxes Articles

Who Pays the Transient Occupancy Tax? What is Form 8903: Domestic Production Activities Deduction Does Your Company Need to File Form 1095-B? When the IRS Classifies Your Business as a Hobby Tax Advantages to Incorporating Driving Down Taxes: Auto-Related Tax Deductions Mobile Phones, Internet and Other Easy Tax Deductions What Is the IRS Form 4562? Is Interest on Credit Cards Tax Deductible? Can I Write Off Credit Card Interest on My Taxes? Can Cellphone Expenses Be Tax Deductible with a Business? New Small Business Legislation Benefits Both Businesses and Individuals Video: Can I Deduct the Cost of a New Computer on My Taxes? Depreciation of Business Assets Business Use of Vehicles The Home Office Deduction Starting a Business Taking Business Tax Deductions Managing Assets Summary of Business Tax Law Changes 2010-2017 Little-Known Tax Tips for Small-Business Owners Maximizing Tax Deductions for the Business Use of Your Car Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction Business Tax Preparation Estimated Taxes: How to Determine What to Pay and When Filing a Business Tax Extension Closing a Business Limited Liability Company Taxes When and How to Incorporate Estimated Taxes: Common Questions Small Business Break: Get a Refund of Taxes Paid in Previous Years Can I Convert My LLC to an S-Corp When Filing My Tax Return? Video: IRS Rules for Reasonable Business Expenses LLC Tax Filing Rules What Is the IRS Form 941? Video: Tax Tips for Small Businesses S-Corp Federal Tax Filing Dates How to Pay Employer Federal Taxes Are 501C3 Stock Investment Profits Tax-Exempt? How to File Federal Income Taxes for Small Businesses How Do You Get a Business Tax ID Number? Do Chapter Sub S Corps File Personal Tax Returns? What Is IRS Form 720? What is a Schedule K-1 Tax Form? Penalties for Not Filing a 1099-Misc IRS Form Video: What is Schedule C-EZ: Profit or Loss from a Business? Video: Guide to Payroll Taxes How an S-Corp Can Reduce Your Self-Employment Taxes What is Form 8919: Uncollected Social Security and Medicare Tax on Wages What is Schedule F: Profit or Loss from Farming What Is Schedule J: Income Averaging for Farmers and Fishermen What Is Form 8941: Credit for Small Employer Health Insurance Premiums Startup Business Tax Tips Affordable Care Act (Obamacare) Survival Guide For ALEs How Does IRS Form 1095-B Affect Small Businesses? What is Form 4136: Credit for Federal Tax Paid on Fuels What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs A Guide to Paying Quarterly Taxes
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