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Posted: November 14th, 2004, 6:52 am
by glass tek
This is my first year in business and I have a couple of questions concerning taxes. Does the networks/insurance companies send out 1099 forms showing the totals each has paid to you? Not really sure what to expect. Also, has anyone used H&R to do their business taxes? A friend advised me to hire a PA.
Need Tax Advice
Posted: November 14th, 2004, 7:53 am
by Dave M
Yes, the networks will send you 1099's at the end of the year. I have my taxes done by a CPA, business and personnal taxes.
Posted: November 14th, 2004, 8:20 am
by GlassStarz
There are a few things you can do to make things easier
Leased vehicles are a rental and all payments made are deductible plus milage the otherway you have to deal with depresiated value
Keep a checking account that is only buisness that statement at the end of the month will tell you everything you need from income to debits