NASE Tax Talk

Paying My Child

Keith Hall — Tue, 10 Nov 2009 11:22:34 GMT

Q: I own a bookkeeping business and pay my 16-year-old daughter to help around my office after school. Are the ...

Retirement Account Rollover

Keith Hall — Mon, 02 Nov 2009 12:26:22 GMT

Q: I got laid off from a job earlier this year. Now I’ve started my own business. I need to ...

Can I make withdrawls to my retirement account before age 62 without penalties?

Keith Hall — Wed, 21 Oct 2009 11:13:07 GMT

The key for the withdrawl penalty as to age is 59 1/2. If retirement withdrawals occur before that age, then ...

Can I Take The Home Office Deduction?

Keith Hall — Tue, 29 Sep 2009 10:23:22 GMT

Q. I have an apartment in Maryland in which I use half of the 2nd bedroom (converted to an office) ...

I recently set up an LLC for my new business. Which tax form do I need to file?

Keith Hall — Tue, 08 Sep 2009 12:11:12 GMT

The LLC will actually have to elect how it will be taxed for federal income tax purposes.

If you are ...

If I live in TN and work in TN, MS, and NY, do I pay the state income taxes in MS and NY even though I don't live there?

Keith Hall — Tue, 11 Aug 2009 14:00:27 GMT

If the income from the other states in indeed earned within that state then they will want their piece of ...

My husband is in graduate school. Can any of his tuition or textbook costs be deducted?

Keith Hall — Mon, 06 Apr 2009 20:45:58 GMT

Two tax credits, the Hope scholarship credit and the lifetime learning credit, are provided for education expenses. These credits generally are available ...

Recording the business use of a vehicle

Keith Hall — Fri, 03 Apr 2009 20:49:00 GMT

Q: I understand there is a tax loophole for business owners that I am curious about. It states that if you ...

I just started my new business. Is there a list of all the business deductions I can take?

Keith Hall — Wed, 01 Apr 2009 20:28:00 GMT

Believe it or not, the IRS is the best place to start looking for possible deductions and for information to help ...