It sounds like your boss is trying to only report some of its income and expenses. Instead of making an issue of this, why not look for a job at...

In 2011 my ex husband and I filed joint on our taxes he owned a small business but didn't claim it . Can IRS come after me?

When you file a joint return both husband and wife are jointly and severably liable. That means you are both fully liable for all the tax. If he...

Avoid capital gain on selling primary residence

First, I think it is wise to take advantage of the $500k gain exemption while it is still part of the tax law. Secondly, I do not like the idea of...

Is online income from selling goods taxable?

The sales are taxable income. Your report the gross income as a schedule C on your 1040. You then deduct your basis in the item. Most likely, you...

My employer want me to get a tax id number and merchant account in my name for his business, what are my risks if i do so?

This is not a good idea. By getting the tax ID and merchant account you are now becoming financially responsible for the business both for tax and...

I have client that one of employee help and she using social media sayying things that are true about my business.

The best thing you can do is to hire a social media expert to counteract the negative exposure. This would be a social media and integrated...

Starting a business and want to know how to determine 1099 from W-2's?

The IRS and state governments are fighting Independent Contractors because they want to collect more taxes. You have not described your business...

Turn a an online blog or video channel into a business

What tax benefits are you looking to get. Remember, if this is not a profit making endeavor you cannot deduct any losses. This is called the...

Selected as the best answer

Can I do business in states other than the state in which I formed my company?

Yes, you can do incidental business in other states. If you were to have a store or sales/service person, you will have to register in the state to...

My wife and I are only members of a PA LLC

It sounds like you sold the assets of the LLC and have maintained the entity. If you are going to use the LLC for some other business purpose, may...