Your Questions About Business Online Services Gov

Jere answers:

Free file is not usually available for people with a Schedule C (small business). They hook people in by offering free services but if you read the small print, they usually charge when the return is moderately complicated.

I am a little biased because I am a paid preparer, but I don’t think someone with a small business should be preparing their own tax return. Do it yourself software is great for simple returns and for people who have a basic understanding of tax law but there’s a good chance you may miss something important because you simply didn’t realize you could claim it on your tax return. Worse yet, you may claim something that is not allowed. If the IRS were to audit, you could end up owing more money plust interest and maybe penalties.

For a small business, tax return preparation fees are a deductible expense. It’s really not something you want to scrimp and save on. The few dollars you save on tax return preparation fees could cost you hundreds of dollars on your return. I’ve seen many cases where someone brought a tax return to me that they prepared with off-the-shelf software. Once I’ve reviewed the return, I was able to find additional money for the taxpayer.

I understand people’s desire to save money, but you could end up being penny wise and pound foolish. In fact, I recommend finding a qualified CPA to help you with business financial decisions throughout the year. If you want to save a little money, you may want to look for an enrolled agent. They have to pass an IRS test and usually cost less than a CPA.

In my experience (including several years working for H&R Block), I wouldn’t trust my small business tax return to someone at a storefront tax office (Liberty, Block, or Jackson-Hewitt). There’s too much turnover in the industry. Most of the training programs for new tax preparers spend very little time on small business tax returns.

You need someone with experience. Spend a little time shopping around to find someone qualified in preparing small business returns. You can still get a good deal if you shop carefully. Once you find someone good, keep using them. The advice you get can be worth its weight in gold.

Hope that helps. Good luck.

Jere answers:

Yes, income from personal services is sourced at the place where the services are performed. Since you are in Peru, the source of the income for US purposes is in Peru. Unless you have some other contact with, or operations in, the United States, you should not be subject to US tax on your income.

Jere answers:

My best advise for you is to find a payroll service in your area. Payroll is complicated and if you’re late paying taxes at any point, there’s a lot of fines involved. Each paycheck will have different amounts every pay period.

I suggest Corporate Payroll or Paychex.

Contact an accountant in your area, they should be able to help you.

Jere answers:

What do you mean by Telcom Agents/IS it that you recruit them for your business or is it that you want to sell something and you want agents for the same, If it is recruitment i can help you out since am working as a Human Resource Professional, I actually provide Managed HR Services and Strategic Advisory Services.

Let me know how i can help you

Jere answers:

I agree with both. You should talk to SCORE and a lawyer and also California Small Business Development Center
Here is a listing to starting a business in California with many links http://homebizseo.com/50states/California.html