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Health Insurance Coverage Basics: Forms 1095-A, -B, and -C
Resources 2015 Form 1095-A, Health Insurance Marketplace Statement 2015 Instructions for Form 1095-A 2015 Form 1095-B, Health Coverage 2015 Instructions for Form 1095-B 2015 Form 1095-C,...
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Best Sites for Solopreneurs
I’m honored to be included in One Woman Shop’s list of 100 Best Sites for Solopreneurs. If you work for yourself, be sure to dig in – they’ve got some great resources listed! The post Best Sites for...
View ArticleSelf-Employed Health Insurance Deduction: Sole Proprietors & Single-Member LLCs
Resources IRS Publication 535, Chapter 6: Business Expenses, Insurance IRS Tax Tip 2013-43 Why YOU Should Care If you are self-employed and provide medical, dental, or long-term care insurance for...
View ArticleSelf-Employed Health Insurance Deduction: Partnerships
Resources IRS Publication 535, Chapter 6: Business Expenses, Insurance IRS Tax Tip 2013-43 2015 Schedule K-1 Why YOU Should Care If you are self-employed and provide medical, dental, or long-term care...
View ArticleSelf-Employed Health Insurance Deduction: S-Corporations
Resources IRS Publication 535, Chapter 6: Business Expenses, Insurance IRS Tax Tip 2013-43 2016 Schedule K-1 2016 Form W-2 Why YOU Should Care If you are self-employed and provide medical, dental, or...
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Forms 1099-MISC and 1099-K: Who Gets What?
If you paid contractors to work for your business in 2016, you may owe them a Form 1099-MISC by January 31, 2017. However, payments made via credit card or PayPal are covered via Forms 1099-K issued by...
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Can I Deduct my Coffee? Understanding the Meals & Entertainment Deduction
One of the most common questions I get pertains to doing work in coffee shops. Many entrepreneurs head to their local coffee place to meet clients, do work, or just get out of the house. Is that...
View ArticleCoworking Memberships and Home Offices
Occasionally, I’m interviewed for articles elsewhere. Recently, I spoke to the good people at Deskpass about the tax implications of where you work. In this interview, we discuss: Deduction coworking...
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Deducting Travel Expenses When You Use Public Transit
If you use your personal vehicle for business purposes – except for commuting! – you may qualify to deduct the mileage that you travel. But what happens if you take public transit to meet clients or...
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Can I Deduct my Work Clothes?
To get right to it, the answer is most likely “no.” The IRS has very strict rules for what type of clothing can be deducted. While guidelines can be found in IRS Publication 529, we also look to tax...
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