If you dream of owning your own business, having more you time (you time explained below) and the financial independence that sometimes comes with it, then it's time to explore the idea of starting your own business. To see if you have what it takes, try answer these questions to find out if you're ready to start and run a business on your own or if you need a little more preparation before getting started.
Do you have an idea for your business?
- I have a few business ideas I am considering
- I know exactly what type of business I want to start
- I’m not sure what type of business I want to start
What is the main reason you want to start your own company?
- I hate my boss
- I want to make more money
- I’m looking for a new challenge
Are you introducing a unique product or service to the market?
- Yes, my product/service it totally unique My product/service already exists, but I have come up with an improved version
- No, my product/service already exists
The Internal Revenue Service today warned taxpayers about groups masquerading as charitable organizations to attract donations from unsuspecting contributors, one of the "Dirty Dozen" for the 2016 filing season.
"Fake charities set up by scam artists to steal your money or personal information are a recurring problem," said IRS Commissioner John Koskinen. "Taxpayers should take the time to research organizations before giving their hard-earned money."
IRS to Parents: Don't Miss Out on These Tax Savers
Children may help reduce the amount of taxes owed for the year. If you're a parent, here are several tax benefits you should look for when you file your federal tax return:
The period around Presidents Day marks the peak busy season for IRS toll-free phone service, but there are faster ways to find answers to your questions. The Internal Revenue Service provides tools and apps on IRS.gov that can help many of taxpayers get answers immediately online.
Marley Natural, the official Bob Marley cannabis brand, today debuted a broad-based collection of cannabis and lifestyle products designed with deep respect for Bob Marley’s legacy and belief in the positive potential of the herb to heal and inspire us.
“It is extremely important to us and to the family that Marley Natural operates with integrity and a strong social conscience”
Here are six facts that you should know about Free File. Free Options for All. If you make $62,000 or less – as do 70 percent of Americans – you can choose easy-to-use software to do your taxes and e-file for free. If you make more than $62,000 can use Free File Fillable Forms, the electronic version of IRS paper forms. Either way, it’s free.
The Affordable Care Act requires you and each member of your family to have minimum essential coverage, qualify for an insurance coverage exemption, or make an individual shared responsibility payment for months without coverage or an exemption when you file your federal income tax return.
You, your spouse or your dependents may be eligible to claim an exemption from the requirement to have coverage and are not required to make a payment. .For any month that you do not qualify for a coverage exemption, you will need to have minimum essential coverage or make a shared responsibility payment.
You can claim most exemptions when you file your tax return. However, you must apply for certain exemptions in advance through the Health Insurance Marketplace, You may be exempt if:
Small business owners sometimes set up the family business as a corporation. It may make sense to allow every family member to have a stake in the company, even your minor children. While making a child a shareholder in a corporation may seem like a good idea, you should be concerned about the legality of children owning shares in a corporation and the practical issues that can arise when corporate shares are placed in the hands of minors.
It has been said that a Shareholder is defined as independent legal entities that are formed and managed under state law(s). A state's corporation statute defines who can be a shareholder. Under state law, a shareholder is any person who is registered on the books of a corporation as the owner of shares. It further defines a “person” as any natural person or entity, without any restriction, such as age or nationality. Basically, a shareholder is any person or legal entity that is allowed by law to own personal property, which is how the IRS classifies shares of stock.
Free tax help is available from the Internal Revenue Service for taxpayers by telephone, in person and via the Internet where information is available 24 hours a day, seven days a week.
Where do the democratic candidates stand on marijuana legalization? The Young Turks panel of Ana Kasparian, John Iadarola (ThinkTank), Ben Mankiewicz, and Elliot Hill (TheLip TV) break it down.
If you owe federal tax, the IRS offers many easy ways to pay. Make sure you pay by the April 18 deadline, even if you get an extension of time to file your 2015 tax return. You can get an automatic extension of time to file when you make an electronic payment by April 18. Here are some of the ways to pay your tax: