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Tax Issues for Business Owners

NEW: Can I Deduct This on My Tax Return?

On the Internet, you can find plenty of lists called something like "500 overlooked business deductions" or "Complete list of everything you can deduct." But in reality, these lists are often misleading or even risky. I suggest a simple 4-step criteria instead.

Revised Texas Franchise/Margin Tax - overview

If you have a business registered with the state of Texas, you are familiar with our version of corporate income tax - Franchise Tax. Courtesy of new Texas law, this tax is gone. However, nature abhors vacuum - so there is a new tax instead, effective in 2007. Here is an overview.

NEW: Filing the New Texas Franchise/Margin Tax reports

The revised Texas Franchise Tax, sometimes referred to as Margin Tax, became effective in 2007. In June 2008, first reports must be filed. This article helps you find your way around new and very confusing forms and instructions.

Home Office - Deduction or Not?

This article was written in my home office. Very convenient indeed: no driving, no gas money, no nice clothes! Can I get some tax deduction on top of that? The answer as a typical lawyer's answer: it depends.

Payback time: send'm 1099s!

Receiving a 1099 form is painful. It reminds us that we will have to pay taxes on this amount, and now we are "on the IRS radar." But sometimes you yourself have to create those 1099s. Read about the rules.