Question by lizzieRN13: Tax question for home business? I own a home based business of which I profited less than $ 5000 this past year. I had some loss from deductions. 2005 I profited $ 13,000 (so I claimed my income and itemized my deductions)…my question is I was told that if I make less… Continue reading Tax question for home business?
Category: Home Business Questions
How does the 1099 form works?
Question by Nancy Rodriguez: How does the 1099 form works? I am an independent contractor I have a home base business. For ex: If I make $ 1200.00 a month for 6 months and the other remaining 6 months $ 500.000. (These are from different clients monthly) How should it be reported? Who reports it?… Continue reading How does the 1099 form works?