Tagged Questions
1
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2answers
61 views
How can I estimate business taxes / filing fees for a business that has $0 income?
I'm looking for a good resource to understand the penalties I need to pay in order to get my business 'up to date' with the IRS. I called the NY state and I was able to determine the amount needed ...
3
votes
1answer
60 views
How do I pay my estimated income tax?
I've recently made the move from salaried employee to small business owner. Now instead of my employer sending in my taxes incrementally with each paycheck I need to pay my expected taxes quarterly.
...
0
votes
1answer
200 views
Income tax on my online drop-shipping business (India)
I am an Indian citizen and I run a semi-drop shipping business. The details are:
I deposited 10 lakh through cheque/cash into my Indian savings bank account (PAN not submitted during account ...
1
vote
1answer
411 views
Indian Citizen want to work as a freelancer for Europe. How to pay tax in India?
I got an offer to work as a freelancer for a European company. In Europe, its like you need to set up a small legal entity on your name but is this the same in India? How can i do freelancing in India ...
3
votes
1answer
122 views
Paying Federal Income Tax without Witholding
I receive payments from iTunes Connect, and no income tax is being withheld from those payments (I am receiving the entire earnings), and I have been trying to find out how I pay Federal Income Taxes ...
7
votes
2answers
1k views
Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India?
I am an Indian citizen and I work from India as a freelancer for an U.S.-based IT company. I am getting monthly payments directly into my Indian bank account. My colleagues' monthly payment come to my ...
1
vote
1answer
42 views
Resources online to help with filing income taxes that include a small business?
My wife an I usually file taxes ourselves using the 1040A (with the standard deduction), but she started her own business this year selling jewelry. Most people are recommending to use a CPA for help ...
4
votes
1answer
236 views
How to deduct operational loss from my personal income tax?
This questions starts with "How to" but I will accept any answer as "if I should or not".
My question is related to a business that I have been running this year. I have not been very successful at ...
9
votes
3answers
255 views
Does that mean I'm fooling the US gov?
I'm a foreign student studying in the US. Soon, I'm a launching a website where an American ad agency will handle posting the ads on it from American advertisers and the revenues are supposed to go to ...
6
votes
2answers
224 views
I may earn a lot of cash soon through self-employment on a lucrative project. How to handle the tax?
I'm in Canada, and am young and don't know anything about finance.
I've been working part-time as a software consultant for a friend who's starting a marketing company. He recently landed a job with ...
0
votes
1answer
598 views
Where on schedule C should a PO Box Rental fee go?
I'm filling out my US Income tax forms and I am trying to decide where on Schedule C to put the expense for a PO Box Rental.
My first guess was "Communication," but I'm not sure. "Office Expense" or ...
1
vote
1answer
3k views
How to record business income tax paid, in QuickBooks?
This is not a personal finance question, but I don't see a StackExchange site dedicated for business finance/accounting. So I'm asking it here.
I run a small business (LLC) and using QuickBooks for ...
2
votes
3answers
225 views
At what point does a hobby turn into a business?
Is it based on how much I earn? if so, can I re-invest all of the income back into the hobby and still call it a hobby?
4
votes
1answer
2k views
I'm self-employed with my own LLC. How should I pay myself, given my situation?
I do a ton of freelance web design and decided to setup a simple LLC so I could have a credit card to make business purchases with. From my limited understanding, I can choose to be taxed as an S-corp ...
8
votes
3answers
2k views
Full-time work + running small side business: Best business structure for taxes?
Currently I have a full time job (IT industry) but from time to time I do a side project.
Most of the times my clients agree to pay me cash as the amounts are not large.
However, last year there ...
3
votes
2answers
1k views
What's the maximum income one can have and not have to file a tax return? [Canada]
I'm starting a home-based business and make very little. Do I have to worry about income tax?
