The most recent content from our members.
Hi Tax Experts, I’m looking for clarification on how to handle the Amazon Vine program for my tax return. Participants receive products in exchange for reviews, and I’ve received a 1099 form for the fair market value of the items. The confusion lies in how to classify this activity: Is it considered a hobby or something…
The software asked me if I requested a social security tax exemption, which I did not, so I have to pay both federal tax and social security tax on my salary. However, I have an additional housing allowance, which is not subject to federal tax, but it is subject to social security tax. I don't see a way to report this. How…
I created a company with a business account, but for regulations with the client(NY Agency) the payments were being received in the personal account. Deposits were then being made from the personal account to the business account and I paid everything from the business account. I have an accountant(only work the company…
Hi, I am self-employed and have been unmarried for most of 2023. (I got married on Dec 9th, 2023.) Do I have to file jointly with my new husband when filing taxes for 2023?
I have been paying my over 18 year old child for work she is doing for my small business. What are the rules on this as a deduction?
My husband is a 1099 employee. We puchased a truck for him to use for work only. Are we able to use any parts of the loan payment as a deduction on our taxes??
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