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Online business tax question?
hey guys,in 2011, I just started my online business and under self employed category for tax paperwork. My home is in Calif and the site sells worldwide. In 2011, I ran my servers computers out of my home and I paid a construction contractor about $20,000 to remodel a couple of rooms AC rewiress insulation etc to make them suitable for running servers at home. Will this amount be considered expense for my business income ? The contractor told me I can 1099 to his business so he can claim the tax for that income or something like that. How do I send that document to his business so he could do tax with that additional 20,000 income from me ?Thank you,
Just started my online business. Tax advice etc..?
I just started my own online business as a graphic designer. Things have been going very well, and I get paid through PayPal by clients. Obviously, no taxes are taken out. So next year I am wondering how much I’ll end up having to pay…I’m in the lowest tax bracket for sure, but I still have a full time job too that I pay taxes through. Also, what can I claim as an exemption? A new computer? New software? What about stuff for making my at home office? Thanks for all the help
Online business tax question.?
I am trying to start an online businees. Do I have to open a corporation to write off my online business expense? How does the tax work if I make income with an online business?
Online business tax question?
hey guys,in 2011, I started my online business and under self employed category for tax paperwork. My home is in Calif and the site sells worldwide. In 2011, I ran my servers computers out of my home and I paid a construction contractor about $30,000 to remodel a couple of rooms AC rewiress insulation etc to make them suitable for running servers at home. Will this amount be considered expense for my business income ? The contractor told me I can 1099 to his business so he can claim the tax for that income or something like that. How do I send that document to his business so he could do tax with that additional 30,000 income from me ?Thank you,
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