How much taxes do I owe as a freelancer?
I’m a freelancer and I’m trying to figure out how much I owe back in taxes.
How to record capital losses on stocks
I had questions regarding capital losses for taxes. So this year, I have made money from stocks and also lost money from stocks. Overall, I am down around 20,000 dollars in stocks. So then can I deduct $3,000 from ordinary ...
How to compute quarterly estimated tax for a freelancer?
Hi,
I read a lot about estimated tax but I am still confused. Is it based on sales amount or net income? I read that it's good to pay 25% to 30% each quarter but I am having trouble computing it ...
If I am starting a business from my home office deductions the first year
If i start a business from my home office and during the first year do not bring in revenue as I am building a internet website can I deduct part of the cost of my business expenses like part ...
Can I deduct my monthly booth rent if I’m a barber as a business expense?
Hey My name is Juan I’m a barber I work at a barber shop that someone else owns I pay them a booth rent every month to be able to cut hair at this shop I file taxes as self ...
What do you do when tax exempt?
I Just got an EIN number for a little jewelry shop, online.. I wont have employees or make much income. Its basically to shop wholesale. I understand how it works with purchases but when filing taxes, will I need to ...
I just started working for a real estate company called the mida group.
I just started working for a real estate company called the mida group last week. Im a legal representive. My second assighnment is to cash a chech from a client and take out 5 percent of my commission. ...
How much tax does a Delaware C Corp pay?
How can I reduce my tax liability on the sale of property quit-claimed to me in 2002?
Quit-claimed to me in 2002
Sold in 11/2020 for $87,500
My 2019 Federal effective tax rate 7.89%
I want to gift some of it to daughter struggling with cancer