Business owners and self-employed taxpayers must report all income from their business unless the law specifically excludes it.  Business income is taxable.

Business owners have so many responsibilities that many decide they need assistance with their taxes. Some tax professionals have expertise in preparing small business tax returns, but their credentials may differ.

Monica Baker describes what you may not know about bartering.

If you can’t complete your tax return before the due date you should file an extension.  Filing an extension doesn’t mean you don’t have to pay what you owe, it means you are just delaying filing the tax return to avoid the Failure to File penalty.  If you owe you still need to pay timely too.

Many a business starts out as a hobby and then turns into a profitable activity. If you reasonably expect to earn a profit; you have more than a hobby, you have a business.

More and more small business owners or self-employed people are running businesses out of their homes.  If you use a portion of your home for business, you may be able to take a home office deduction, but you must meet certain requirements.

The information presented in this webinar will provide you with important information as you prepare for the 2010 tax filing season...

Many people who sell goods on the Internet don't realize the income they earn from auctions and consignment sales is usually taxable income.

Fred Schindler discusses the online payment agreement basic qualifications and use.

A presentation for new business owners and information about filing a Schedule C, “Profit and Loss From Business.” This form is used to report the business income and expenses for a sole proprietor.

This presentation is for Schedule C filers who are one-owner businesses or self-employed taxpayers.  Good recordkeeping is very important to the business owner or self-employed person in order to have everything needed when it comes time to file a tax return. Schedule C is filed annually as an attachment to Form 1040, the individual tax return.

Cancellation of debt income is taxable as ordinary income. The Internal Revenue Code Section 61 provides that gross income means all income from whatever source derived.   This code section specifically includes “income from discharge of indebtedness” as an item of gross income from cancellation of credit card debt, foreclosure of personal residence, or cancellation of an automobile loan.

Our experts discuss tips on filing Form 8027, how to allocate tips, common errors and much more.