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What Is 'Income' for Your Business?
Not all monetary increases in your business are treated as income for tax purposes. Separating what you feel as more wealth from what is actually taxable ... -
10 Tax-Related Questions About a Company Vehicle
Most businesses use vehicles—cars, trucks, or vans—to conduct their activities. For example, on Schedule Cs for self-employed individuals in 2015 (the most recent year for ... -
Double Dip Tax Breaks for R&D
If your business conducts research and development (R&D), you may be eligible for certain tax breaks. This is so whether you’re creating a new product ... -
Unraveling Conflicting Tax Rules for Active versus Passive Business Owners
It is commonly accepted wisdom that tax rules are complicated. This belief is well supported by the conflicting tax rules that apply to business owners, ... -
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2019
The tax law is not static. Since the publication of this book, the IRS has provided guidance on some of the changes for 2018 returns ... -
Supplement to J.K. Lasser's Small Business Taxes 2019
The tax law is not static. Since the publication of this book, the IRS has provided guidance on some of the changes for 2018 returns ... -
Sales Tax Issues for 2019
Sales tax is a cost imposed on a company’s customers for the goods and services it sells. It’s up to the company to collect the ... -
Naming a Partnership Representative on Your Tax Return
If you are an owner in a partnership or limited liability company filing Form 1065, Partnership Income Tax Return, there’s a new chore to do ... -
Special Tax Breaks for Farmers
The majority of the more than 2 million farms in the U.S. are small businesses. The USDA says that “in 2016, farms organized as pass-through ... -
Figuring Your Estimated Taxes
Business owners who are self-employed usually pay their taxes in four estimated tax payments for the year. The final installment for 2018 is due on ...
