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2 votes

How much tax do I pay if my deductions are more than my taxes owed?

I ... am considered an independent contractor (by way of signing a 1099) Some nits about terminology: You're classified as an independent contractor or an employee based on what and how you do, not ...
littleadv's user avatar
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0 votes
Accepted

Content creator tax obligations

Assuming United States (you didn't say): The IRS understands that new businesses may take a few years to show profit. But if you don't show income pretty soon, and you aren't a clearly established ...
keshlam's user avatar
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1 vote

Equipment purchase for client

When you buy something for a client you should bill the client for the expense. The money you spent is a business expense, the money that comes in from the client is income, so this should come out to ...
Hilmar's user avatar
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1 vote

Equipment purchase for client

Technically, you could report the purchase as a business expense and the sale to them (reimbursement) as a business income -- but only if you report both, so they cancel out. (I'm assuming US income ...
keshlam's user avatar
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2 votes

Filing for a patent application as person vs an LLC

to draft a patent for my app. Are you sure it's not a scam? You might want to consult with another attorney on this, generally patents on software even if given are hard to enforce. But, irrelevant ...
littleadv's user avatar
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15 votes

Donated $500 to a charity but didn't get an official receipt

Contact the charity and ask them to send you a receipt. If they're legitimate they shouldn't have a problem doing that Note that not all gifts to all charities are tax deductible. Or they may only be ...
keshlam's user avatar
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7 votes

I filed my taxes not knowing I was being claimed as a dependent meaning that the Head of Household will have more deducted than before

In order to amend a mistake on your tax return you file... an amended tax return. Here's the IRS page on amending returns, with links to all the related information and instructions you might need.
littleadv's user avatar
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