‘internet business’ Tagged Posts

Sole Proprietorship and personal taxes?

So, my standard deduction is higher than my itemized deductions. I have a sole proprietorship, however, and I HAVE to itemize because of it. My ...

 

So, my standard deduction is higher than my itemized deductions.

I have a sole proprietorship, however, and I HAVE to itemize because of it.

My sole proprietorship is a very small internet business, it’s not really income, it’s a hobby, but was told to claim it to not get in trouble with the big boys.

I was wondering if, when I do my taxes, I would be taxed on more of my income because my standard deduction is higher than my itemized?

tax deduction question?

 

I recently started my own traveling internet business and need transportation,what car or suv can i buy that can be100% tax deductible.I have a business license,but a crappy car and i rent.Any pros want to help out little brother?

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