How do i claim deductions for my home business that i started in 2008?
September 11, 2009 by workathomebizreviews
Filed under Home Business FAQ
Brian asked:
I am a Independent Distributor for a company called Xango. I have tracked all my expenses all year long, but now my only question is how do i claim them on my taxes? Are there certain forms to fill out for home-business based tax deductions? Would it be best to find an accountant who specializes in this type of deal? What do i do? What do i do!
Home Business Pick For 2009
I am a Independent Distributor for a company called Xango. I have tracked all my expenses all year long, but now my only question is how do i claim them on my taxes? Are there certain forms to fill out for home-business based tax deductions? Would it be best to find an accountant who specializes in this type of deal? What do i do? What do i do!
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Work At Home Opportunities
You’ll need form 1040, and schedules C and SE. And yes, you’d be wise to talk to an Enrolled Agent or CPA.
Best Work At Home Business Opportunity For 2009
You are self employed or independent contractor. You will report your income and expenses on schedule C or C-EZ (Form 1040). This income is subject to SE tax at 15.3%. Read about self employed (or independent contractor) tax filing and payment of estimated taxes: