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

Question by Sarah G: 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… Continue reading Can I rent a space to use for home-based business?

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

Question by moopoo55: 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… Continue reading If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?