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2answers
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Formation of S-Corp for Gambling Trade

Does anyone have personal experience with incorporating an S-Corporation for the gambling trade? In cases where the gambling activity is consistent and produces sufficient income (versus, say, an ...
2
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2answers
102 views

Taxable Website Ad Revenue

This is based in United States. I have Ad revenue that I pay taxes on as Misc income on a schedule C. I also do freelance web development for a hourly rate, and hold a W2 job. The question: If I ...
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1answer
152 views

How to Deduct Family Health Care Premiums Under Side Business

I am an employee of a company and I have health insurance through them, pre tax. My company only pays for me so I have private insurance for my wife and kids. I also have a side business, and was ...
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3answers
704 views

Owning properties through an LLC - how to split the LLC expenses?

I own some rental properties through my LLC. While most of the expenses can be attributed to a property and find their way to schedule E, I'm puzzled about the LLC expenses... In California its ...
2
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2answers
814 views

How classify businesses website and domain names on Schedule C

Where on the Schedule C should the following deductions go: 1) business website and 2) domain name purchases for the business (domain names all map to that same business website).
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1answer
2k 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 ...