Hi, I am just starting to sell Discovery Toys and I know I can write of a lot of things if they are connected to my business. What book, site or whatever are you familiar with that will tell me what all I can start keeping receipts for etc. to my best advantage. thanks so much.
2007-02-20 08:58:23 · 8 answers · asked by ? 4 in Business & Finance ➔ Taxes ➔ United States
Here's the IRS Information on taxes for Small Businesses:http://www.irs.gov/businesses/small/article/0,,id=99336,00.html
I'm assuming you'll be a Schedule C sole proprietor so here's the information on Schedule C as well:http://www.irs.gov/instructions/i1040sc/index.html
2007-02-28 07:22:35 · answer #1 · answered by peachygurl86 2 · 0⤊ 0⤋
I'm not familiar with any particular book or web site, but I know you should keep EVERY receipt and a booklet in your vehicle so you can put your mileage in when you drive anywhere concerning your business, this includes you attorney, the post office or the drug store to pick up a pen.
2007-02-27 06:11:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
value of goods bought. comparable element as inventory expenditures. seek for professional pointers to set issues up for taxation. people who wait til they are already in employer to come to a decision the tax project continually finally end up with a brilliant mess on their arms. Get your tax project under administration until eventually now you start up up, save it that way, and ward off super messes and issues. call around to three places to get an theory of value and adventure. A CPA could actually help, in the event that they're a tax expert, yet you additionally can get solid help from an Enrolled Agent, generally at a lots cheaper value.
2016-09-29 09:34:56 · answer #3 · answered by gloyd 3 · 0⤊ 0⤋
Download Adobe
http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
Print Schedule C http://www.irs.gov/pub/irs-pdf/i1040sc.pdf.
Kipplingers is also a great source for tax laws
2007-02-28 06:43:35 · answer #4 · answered by Rick F 2 · 0⤊ 0⤋
If you don't know a good accounteant try H&R Block they are a good place to at least start until you find someone else. I would recoment you use someone for your books until you at least become familiar with whats what
after that you can probably just have someone do your year end...Lets
2007-02-27 08:20:47 · answer #5 · answered by letsget_dangerous 4 · 0⤊ 0⤋
Send me an email privately.
http://www.carltoncalhoun.com
2007-02-24 15:35:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
turbo tax deduction finder
2007-02-20 09:02:55 · answer #7 · answered by msbedouin 4 · 1⤊ 0⤋
till now i used the links
http://www.online-couponcodes.com/online-coupons.php?coupon=45292
http://www.online-couponcodes.com/online-coupons.php?coupon=45105
2007-02-20 16:55:08 · answer #8 · answered by ellen h 2 · 1⤊ 0⤋