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federal taxes Archive

Is Your Ebay Activity A Business Or A Hobby?

TweetShareSharePin0 SharesIs Your Ebay Activity A Business Or A Hobby? Many eBay sellers start out as a hobby, or just to clean out their closets. Many times, this hobby can lead to a profitable business. A hobby is an activity that you do simply because you love doing it, but it may also earn you

Great Advice On Running A Home Business

TweetShareSharePin0 SharesGreat Advice On Running A Home Business So, you have just established a home business, and you are ready to get it up and running. However, you could still use a little help finding your way. This article is full of useful tips to help you navigate the waters as you start out on

Tariffs and the Trade War: Tax Foundation Analysis

TweetShareSharePin0 Shares Key Findings The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades. Based on 2021 import levels and country exemptions, the tariffs amounted to a $52.6 billion tax increase in 2021.

There Are Two Weeks Until Tax Day…

TweetShareSharePin0 Shares Don’t leave money on the table. The IRS has $1.5 billion in unclaimed 2018 tax refunds waiting for people who did not file a return that year — but they must claim the money by April 18. About 1.5 million taxpayers did not file a tax return that year. There is three-year window

You Can Make Your Home A Showpiece With These Tips

TweetShareSharePin0 SharesYou Can Make Your Home A Showpiece With These Tips The decision to purchase your very own home, is one of the largest investments you will ever make. It makes sense then, that you would want to do everything you can to make sure your investment maintains its value. This article will provide you

Guide To Success For Your Home Business

TweetShareSharePin0 SharesGuide To Success For Your Home Business Running a home business isn’t an easy task. You become responsible for a lot of things that your boss would normally be responsible for if you worked a regular job. But this article will give you some tips and tricks to running your own home business and

Car Donation Helping You Help Those in Need

TweetShareSharePin0 SharesCar Donation Helping You Help Those in Need Car donation offers many people a solution to a two pronged dilemma, providing both a unique opportunity to give to charity while sparing the time and expense of getting rid of a vehicle that may no longer be of use to a family. For many, the

How To Value Your Ebay Inventory For Tax Purposes

TweetShareSharePin0 SharesHow To Value Your Ebay Inventory For Tax Purposes One of the questions I hear most often from eBay sellers is how to value inventory for purposes of preparing their tax return, especially if it was purchased at a garage sale, or if you used the item before you sold it on eBay. For

Building Your Dream- Locating Resources For Nonprofits Online

TweetShareSharePin0 SharesBuilding Your Dream- Locating Resources For Nonprofits Online A nonprofit corporation has the public’s best interest at heart. It may have an environmental, educational, religious, scientific, or literary focus (among others). In return for their services, the public can make donations to these companies and then deduct the amount from their federal taxes. In

Home Office Tax Expenses

TweetShareSharePin0 SharesHome Office Tax Expenses Self-employed individuals often work out of their own home. If this is the case with you, here’s a primer on home office tax expenses you can claim on your taxes. Home Office Tax Expenses America is a country built on small businesses. Yes, the big companies are the darlings of

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