Clik here to view.
Tax Talk Postcard - San Marcos and Round Rock, TX
An evening on the town on Austin’s 6th Street might not have been the most restful way to prepare for the first ever double seminar day in TaxTalk history, but it was fun! After an invigorating jog...
View ArticleClik here to view.
Tax Talk Postcard - Centennial and Casper, WY
Seminar tour co-planners, NASE's Maureen Petron stands with Kristi GunsterIt’s gorgeous country out here. A bright, sunny day for our seminar in Centennial, and then a four hour drive up to Casper,...
View ArticleDeducting Dues
Q: I'm working on my taxes, and I wonder this every year but forget to ask; can I deduct the cost of my NASE membership dues? A: You can deduct membership dues for business associations like the NASE...
View ArticleHome Office Deduction
Q: I started a new business several months ago and I operate out of my home. I have heard I can deduct my expenses for the home office. Is this true? And how do I do that? A: The amount of the...
View ArticleFirst-Time Homebuyer’s Tax Credit
Q: I can take advantage of the $8,000 first-time homebuyer’s tax credit because I just closed on my first house last week. I have already filed my taxes for 2009 and got my refund. Do I file an amended...
View ArticleTax Deductions and Hiring Your Spouse
Q: I attended the TaxTalk seminar in Casper, WY, in March. You mentioned some tax perks to hiring your spouse. Can you explain that to me? A: The key benefit to hiring your spouse is related to the...
View ArticleDeducting the Cost of a Bicycle Used for Business
Q: I would like to purchase a bicycle for my business that I would use instead of my car to get to my client sites at home and when I travel. I would also use the bike to attend promotional bike...
View ArticleIRA Contributions
Q: What are the contribution limits in 2010 for traditional IRAs and Roth IRAs?A: The contribution limits for individual retirement accounts depend on your age.If you’ll be age 50 or older by the end...
View ArticleAudit Fear
Q: I just started a welding business and am terrified of getting audited by the IRS. Are there any things I can do to make sure I prepare all of my taxes correctly?A: As a new business owner, you have...
View ArticleEducation Deductions
Q: I own a landscape business and want to get certified as a green grower. The certification requires me to take classes, which cost money. And I must pay a certification fee. Can I deduct those costs...
View ArticleTax Penalty
Q. I have an S corporation. I didn’t file my federal corporate taxes until June. Will I have to pay a penalty for late filing? A. If you didn’t request and receive an automatic six-month extension for...
View ArticleHIRE Act
Q. Can you explain the tax benefits of the HIRE Act? A. The Hiring Incentives to Restore Employment (HIRE) Act that passed this year created two new tax benefits to encourage employers to hire and...
View ArticleSection 179
Q. I thought that the Section 179 limit was just $134,000 for this year. But I’ve heard it was increased. What’s the limit for 2010? A. The cap on the Section 179 deduction was scheduled to be reduced...
View ArticleFinding A Tax Pro
Q: I'll wrap up my first year of business at the end of this year. I need to find a tax professional who can help me with my business tax returns. What should I look for in a tax advisor? A:...
View ArticleLast Minute Tax Tips
Small-business owners who have put off doing their 2010 tax return so far this year have less than one week until Tax Day. The National Association for the Self-Employed (NASE) has one piece of advice...
View Article
