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Do I have to pay self-employment tax if i have only expenses from my LLC and Have a fulltime job that took tax Comments Off

Posted on January 18, 2011 by admin
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Hi,my name is Anne,I did the following:
Q&A: Do I have to pay self-employment tax if i have only expenses from my LLC and Have a fulltime job that took tax
I work fulltime and i am trying to start a llc business on the side. I have the llc and tax id set up from last year. i only have expenses from last year because i havent started conducting business yet. But i have all taxes taken out from my fulltime employer. Well I have to pay self employment taxes for LLC or will there be non for this year? Please Advise.

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Can I deduct home improvement expenses if I am reporting rental income from renting a room in my home? 61

Posted on November 01, 2010 by admin
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Hi,my name is Anne,I did the following:
Q&A: Can I deduct home improvement expenses if I am reporting rental income from renting a room in my home?
I have a 3-bedroom house and I rent out one of the rooms for extra income. I have also invested several thousand dollars in home improvement last year, much of it on repairs to the extra bathroom used by the roommate-tenant.
Does anyone know the rules on reporting the rent obtained from the roommate, and also the deductions I would be allowed on the improvements because of this partial rental space in the house?

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How do I to claim deductions for self-employment business expenses incurred in China? 110

Posted on September 04, 2010 by admin
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Hi,my name is Anne,I did the following:
Question: How do I to claim deductions for self-employment business expenses incurred in China?
How do I to claim deductions for self-employment business expenses incurred in China on my 2009 tax filing, specifically Internet fees I paid to Chinese service provider in Chinese Yuan?

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Q&A: When doing taxes can you deduct home improvement expenses every year or only the year you sell? 85

Posted on August 21, 2010 by admin

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Question: When doing taxes can you deduct home improvement expenses every year or only the year you sell?
I was told that you could deduct home improvement expenses until the year you sold your house. Is this true?

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Can I claim home improvement expenses with my taxes? 69

Posted on July 25, 2010 by admin

Hi,my name is Anne,I did the following:
Question: Can I claim home improvement expenses with my taxes?
My tax preparator said home improvement expenses cannot be claimed but I think she is wrong. I hear many people do it for this purpose.

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