You use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and [...]
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Posted by: Wray Rives, February 11, 2010
The deadlines for sending 1099’s to contractors and the IRS can get a little confusing. Use this post to mark your calendars and never worry about 1099 deadlines again! And, of course, never forget that Outright has you covered when it comes to collecting form W-9 from contractors and filing your 1099’s on time.
February 1, [...]
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Posted by: Jennifer Escalona, February 5, 2010
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1099’s were due to contractors on February 1st and are due to the IRS by March 1st when paper filing and March 31st when e-filing. We’ve mined our team of experts at the Outright Community to find the most common 1099-related mistakes and how you can prevent them. (Or, oops, rectify them!)
It’s February 3rd. What [...]
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Posted by: Jennifer Escalona, February 3, 2010
Claudine Woolf was a successful Mary Kay sales director in 1997, with 50 saleswomen under her and a company car. Then she was diagnosed with breast cancer. During her treatment, her sales dropped off, and she was not able to meet her quotas for the Mary Kay Grand Am, nor even her regular sales quotas. [...]
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Posted by: Dustin Wax, January 25, 2010
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