Reader Julie R. asked: I have educational expenses that are allowable under IRS tax regulations, but can’t for the life of me figure out where to list them on Schedule C. Could you tell me which line they go on? Education expenses are, indeed, deductible or are eligible for an Education Credit. For the purposes […]
The Next Group of Farm Entrepreneurs
The average age of US farmers is over 57.Photo by Becky McCray Here is a chance to double down in San Francisco on 24 January 2011. Two million young people—many of them from rural backgrounds—have served in the U.S. military since the attacks of 9/11. These veterans are facing extremely hard times, with very high […]
How to file 1099s and who you send 1099s to
For those of you who have contracted work out to other people or partnerships and have paid those people or partnerships $600 or more in the past year, it is soon the time to report that to the IRS and to remind the subcontractors that the payments they received are taxable. The same is true […]
2011 Standard Mileage Rates
Starting Jan. 1, 2011, the standard mileage rate for a car (also vans, pickups or panel trucks) becomes: 51 cents per mile for business miles driven from 1 Jan thru 30 Jun; 55.5 cents per mile 1 Jul thru 31 Dec, 2011 19 cents per mile driven for medical or moving purposes from 1 Jan […]
