I just read a fascinating article that talks about PayPal and other online merchants that now have to tell the IRS about customers who used their credit cards and accounts to sell stuff online and collect funds that they don't report to the IRS.
Thank God I've been tracking my online income for years and have been filing taxes on it and recording my expenses and paying the IRS what I owe them every year.
And thank God that the IRS approved my installment plan payout and for my new CPA who really helped with all the organization and to save on taxes and to do them correctly.
Read about the IRS and PayPal telling the government what people might owe them here...
Tuesday, August 2, 2011
Thursday, February 24, 2011
Taxes and single-member LLC taxes: How a blogger can save money on taxes
Thank God for sending me tax help, because I've gone from earning $12k to $40k to $44k to over $50K per year and I'd love to pay a lot less than the thousands upon thousands I've paid the IRS from filling out a Schedule C and having them treat my writing business as personal income.
I've read a lot and learned that there are a plethora of ways that I can save money, whether it be through a Subchapter S corporation or filling out the required forms to have the IRS recognize my LLC as a corporation for tax purposes.
I knew I wanted help and bless God for sending it, so stay tuned for how much I save.
To that end, I've created a page selling Not Your Daughters Jeans to help add to the rising salary of this blogger -- and save 30% going forward as much as I can so as not to throw myself into a panic around every April 15th.
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Tuesday, August 2, 2011
Sell stuff online? You might pay taxes on it - PayPal now telling IRS about you
I just read a fascinating article that talks about PayPal and other online merchants that now have to tell the IRS about customers who used their credit cards and accounts to sell stuff online and collect funds that they don't report to the IRS.
Thank God I've been tracking my online income for years and have been filing taxes on it and recording my expenses and paying the IRS what I owe them every year.
And thank God that the IRS approved my installment plan payout and for my new CPA who really helped with all the organization and to save on taxes and to do them correctly.
Read about the IRS and PayPal telling the government what people might owe them here...
Thank God I've been tracking my online income for years and have been filing taxes on it and recording my expenses and paying the IRS what I owe them every year.
And thank God that the IRS approved my installment plan payout and for my new CPA who really helped with all the organization and to save on taxes and to do them correctly.
Read about the IRS and PayPal telling the government what people might owe them here...
Thursday, February 24, 2011
Taxes and single-member LLC taxes: How a blogger can save money on taxes
Thank God for sending me tax help, because I've gone from earning $12k to $40k to $44k to over $50K per year and I'd love to pay a lot less than the thousands upon thousands I've paid the IRS from filling out a Schedule C and having them treat my writing business as personal income.
I've read a lot and learned that there are a plethora of ways that I can save money, whether it be through a Subchapter S corporation or filling out the required forms to have the IRS recognize my LLC as a corporation for tax purposes.
I knew I wanted help and bless God for sending it, so stay tuned for how much I save.
To that end, I've created a page selling Not Your Daughters Jeans to help add to the rising salary of this blogger -- and save 30% going forward as much as I can so as not to throw myself into a panic around every April 15th.
Subscribe to:
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