asked
I'm starting a small business from home and my bank advised me to set up as an LLC and get a tax ID number to keep everything separate from my personal finances. How do I get a tax ID, and what are the differences between running as an LLC versus a sole proprietorship?
June 29th, 2024
How should I handle money paid to me for tutoring a friend's children and giving swimming lessons to neighborhood children? I am not registered as a business, nor do I want to. Do I pay taxes on this income and if so, where do I declare it on the tax forms? The amounts are $2300 for tutoring and $1500 for swimming lessons for the year 2009.
August 7th, 2023
My boyfriend and I had a daughter this year and he makes a lot more than I do. Can he claim us on his taxes?
May 18th, 2023
We received a Garnishment notice from the IRS stating they want to take 100% of our paychecks. Is there a way for us to make payment arrangements? We won't have any money to live on if we can't make payments.
July 12th, 2023
How much income do I have to make per year before I have to file a tax return, and what are the differences in tax filing requirements between income from wages and self-employment income, especially when paying a minor child for work?
March 25th, 2023
I have been paid cash for carpentry work and have no records other than bank statements. What should I do?
April 30th, 2024