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Archive for the ‘home based business’ Category


Home-based Business. What if I have next to nothing coming in for how much I am deducting in taxes?

I am looking into setting up a home based business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I want this to be legitimate but I know I will be making very little money and writing off a lot in tax [...]

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Ending a home based business – what are the tax implications?

I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes? Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off? I [...]

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If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?

Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t owe any taxes for 2003 and 2004 but instead am due a refund. I’m working to get a good accountant but find that most don’t know about tax shelters, estates, or any of the small business (home based) irs [...]

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Can I rent a space to use for home-based business?

Without going into tons of detail, I have a home-based daycare and birth services business, my house is getting too crowded w/ my husband now working from home, is renting an apartment to use for home business an option, considering all zoning laws, etc, (assuming of course I found a landlord okay with it)?? You [...]

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I have an internet-based home business in Illinois – how do register this with the State? Do I need to?

Do you need to register a sole propeiter-ship? Do I need a business license for a home-based business? The folks at SiteSell are always on the cutting edge of everything e-commerce. They’ve helped tens of thousands of people launch successful Web businesses with SBI! SiteSell has an absolutely unique perspective about business, and life. Take [...]

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