Question by SJBrew1: Federal income taxes; Can I deduct things paid for in cash? I run a small home based business. Can I write off supplies paid for in cash if I have the receipt, or do I need a cancelled check /bank statement AND the receipt for a deduction? Best answer: Answer by captn_carrotYes… Continue reading Federal income taxes; Can I deduct things paid for in cash?
Tag: federal
Do I need to register an online business with the federal government?
Question by Amanda S: Do I need to register an online business with the federal government? I’ve been doing some small scale business online offering graphic design for the past couple of years. Are the tax laws the same for an online service as a regular small business? I make way less than 10,000 a… Continue reading Do I need to register an online business with the federal government?