<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title><![CDATA[SmallBusinessNotes.com Recent Articles: Federal Government]]></title><link>http://www.smallbusinessnotes.com/small-business-resources/federal-government/</link><description></description></channel>
<item><title>The Small Business Jobs Act</title><link>http://www.smallbusinessnotes.com/small-business-resources/the-small-business-jobs-act.html</link><description><![CDATA[ Small businesses create most of the jobs in America. But since the 'Great Recession' began in December 2007, over 6 million of those small business jobs have been lost. The Small Business Jobs Act signed into law by President Obama in September 2010 includes both temporary and long-lasting provisions that aim to help create 500,000 new jobs through three main objectives: providing small businesses access to capital, encouraging investment and promoting entrepreneurship. The recent financial crisis has dried up most credit sources for small businesses in the United States. The Jobs Act primary goal is to increase access to...]]></description><pubDate>November  8, 2010  3:26 PM</pubDate></item><item><title>Small Business Size Regulations</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-regulations.html</link><description><![CDATA[ The Small Business Administration's (SBA) Small Business Size Regulations implement the Small Business Act's mandate to the SBA. The SBA has also established a table of size standards, matched to North American Industry Classification System (NAICS) industries. The regulations as defined by the Code of Federal Regulations are as follows: Provisions of General Applicability What are SBA size standards? How does SBA establish size standards? What is affiliation? How does SBA calculate annual receipts? How does SBA define &amp;quot;business concern or concern&amp;quot;? How does SBA calculate number of employees? How does SBA determine a concern's &amp;quot;primary industry&amp;quot;? What are...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Impact of Tight Money and/or Recessions on Small Business</title><link>http://www.smallbusinessnotes.com/small-business-resources/impact-of-tight-money-and-or-recessions-on-small-business.html</link><description><![CDATA[ This Small Business Research Summary (ISSN 1076-8904) summarizes one of a series of research papers prepared under contracts issued by the U.S. Small Business Administration's Office of Advocacy. The opinions and recommendations of the authors of this study do not necessarily reflect official policies of the SBA or other agencies of the U.S. government. For more information, write to the Office of Advocacy at 409 Third Street S.W., Washington, DC 20416, or visit the office's Internet site at www.sba.gov/advo/. Purpose Small businesses may be particularly exposed to recessions, banking conditions, and monetary policy. Small firms typically rely more for...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Financing Patterns of Small Firms: Findings from the 1998 Survey of Small Business Finance</title><link>http://www.smallbusinessnotes.com/small-business-resources/financing-patterns-of-small-firms-findings-from-the-1998-survey-of-small-business-finance.html</link><description><![CDATA[ This study presents statistical tables that profile the finance patterns of U.S. small businesses and various subcategories. The tables are based on the Federal Reserve Bank's 1998 Survey of Small Business Finance. Using the tables, it is possible to compare the borrowing patterns of one group of small firms with all small firms or other subgroups. These businesses' use of financing is examined from different aspects - in terms of suppliers and kinds of credit; frequency of credit use; value of debt by kind of credit and credit supplier; and balance sheets that show the value and percentage of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Firms and Technology: Acquisitions, Inventor Movement, and Technology Transfer</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-firms-and-technology-acquisitions-inventor-movement-and-technology-transfer.html</link><description><![CDATA[ Small firms are integral to the innovation process even when they are not responsible for the final or breakthrough technology. Small firms may play a role in large firms' technical breakthroughs in several ways. Large firm innovators may acquire small firms (and their patents), hire small firm inventors, or build on prior small firm patents. This study seeks to determine the extent to which large firms rely on small firms and their achievements in developing new technologies. Overall Findings Small firms are a vital element of new technology in many industries. Their importance is not immediately apparent when all...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.512: What is the size standard for stockpile purchases?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121512-what-is-the-size-standard-for-stockpile-purchases.html</link><description><![CDATA[ A concern is small for this purpose if: (a) It is primarily engaged in the purchase of materials which are not domestic products; and (b) Its annual receipts, together with its affiliates, do not exceed $48.5 million. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales or Lease of Government Property &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Size Standards are Applicable to Procurement Assistance Programs?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-size-standards-are-applicable-to-procurement-assistance-programs.html</link><description><![CDATA[ A concern must not exceed the size standard for the NAICS code specified in the solicitation. The contracting officer must specify the size standard in effect on the date the solicitation is issued. If SBA amends the size standard and it becomes effective before the date initial offers (including price) are due, the contracting officer may amend the solicitation and use the new size standard. The procuring agency contracting officer, or authorized representative, designates the proper NAICS code and size standard in a solicitation, selecting the NAICS code which best describes the principal purpose of the product or service...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.904: When does SBA determine the size status of a business concern?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121904-when-does-sba-determine-the-size-status-of-a-business-concern.html</link><description><![CDATA[ For compliance with programs of other agencies, SBA will base its size determination on the size of the concern as of the date set forth in the request of the other agency. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Compliance With Programs of Other Agencies &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sectors 48-49 - Transportation</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sectors-48-49-transportation.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 481 Air Transportation: 481111 Scheduled Passenger Air Transportation...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.702: What size standards are applicable to the SBIR program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121702-what-size-standards-are-applicable-to-the-sbir-program.html</link><description><![CDATA[ To be eligible to compete for award of funding agreements in SBA's Small Business Innovation Research (SBIR) program, a business concern must: (a) Be at least 51 percent owned and controlled by one or more individuals who are citizens of, or permanent resident aliens in, the United States; and (b) Not have more than 500 employees, including its affiliates. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Small Business Innovation Research...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1009: What are the procedures for making the size determination?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211009-what-are-the-procedures-for-making-the-size-determination.html</link><description><![CDATA[ (a) Time frame for making size determination. After receipt of a protest or a request for a formal size determination, SBA will make a formal size determination within 10 working days, if possible. (b) Basis for determination. The size determination will be based primarily on information supplied by the protestor or the entity requesting the size determination and the subject concern. The determination, however, may also be based on other grounds not raised in the protest or request for size determination. SBA may utilize other information in its files and may make inquiries including requests to the protestor, the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 71 - Arts, Entertainment and Recreation</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-71-arts-entertainment-and-recreation.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 711 Performing Arts, Spectator Sports and Related Industries:...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.404: When does SBA determine the size status of a business concern?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121404-when-does-sba-determine-the-size-status-of-a-business-concern.html</link><description><![CDATA[ Generally, SBA determines the size status of a concern (including its affiliates) as of the date the concern submits a written self- certification that it is small to the procuring agency as Part of its initial offer including price. The following are two exceptions to this rule: (a) The size status of an applicant for a Certificate of Competency (COC) relating to an unrestricted procurement is determined as of the date of the concern's application for the COC. (b) Size status for purposes of compliance with the nonmanufacturer rule set forth in Sec. 121.406(b)(1) and the ostensible subcontractor rule...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.604: Are MED Participants considered small for purposes of other SBA assistance?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121604-are-med-participants-considered-small-for-purposes-of-other-sba-assistance.html</link><description><![CDATA[ A concern which SBA determines to be a small business for the award of a MED subcontract will be considered to have met applicable size eligibility requirements of other SBA programs where that assistance directly and primarily relates to the performance of the MED subcontract in question. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Minority Enterprise Development (MED) Program &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Utilities</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-utilities.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 221 Utilities: 221111 Hydroelectric Power Generation * &amp;amp;nbsp;...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1202: When will a waiver of the Nonmanufacturer Rule be granted for a class of products?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211202-when-will-a-waiver-of-the-nonmanufacturer-rule-be-granted-for-a-class-of-products.html</link><description><![CDATA[ (a) A waiver for a class of products (class waiver) will be granted when there are no small business manufacturers or processors available to participate in the Federal market for that class of products. (b) Federal market means acquisitions by the Federal Government from offerors located in the United States, or such smaller area as SBA designates if it concludes that the class of products is not supplied on a national basis. (1) When considering the appropriate market area for a product, SBA presumes that the entire United States is the relevant Federal market, unless it is clearly demonstrated...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What are the Penalties for Misrepresentation of Size Status?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-are-the-penalties-for-misrepresentation-of-size-status.html</link><description><![CDATA[ In addition to other laws which may be applicable, section 16(d) of the Small Business Act, 15 U.S.C. 645(d), provides severe criminal penalties for knowingly misrepresenting the small business size status of a concern in connection with procurement programs. Section 16(a) of the Act also provides, in Part, for criminal penalties for knowingly making false statements or misrepresentations to the Small Business Administration for the purpose of influencing in any way the actions of the Agency. Read more about Small Business Size Regulations. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Part 121 - Small Business Size Regulations &amp;amp;nbsp;...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.601: What is a small business for purposes of admission to SBA's Minority Enterprise Development (MED) program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121601-what-is-a-small-business-for-purposes-of-admission-to-sbas-minority-enterprise-development-med-program.html</link><description><![CDATA[ An applicant must be small under the size standard corresponding to its primary industry classification in order to be admitted to SBA's Minority Enterprise Development (MED) program. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Minority Enterprise Development (MED) Program &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1008: What happens after SBA receives a size protest or a request for a formal size determination?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211008-what-happens-after-sba-receives-a-size-protest-or-a-request-for-a-formal-size-determination.html</link><description><![CDATA[ (a) When a size protest is received, the SBA Government Contracting Area Director, or designee, will promptly notify the contracting officer, the protested concern, and the protestor that a protest has been received. In the event the size protest pertains to a requirement involving SBA's HUBZone Program, the Government Contracting Area Director will advise the AA/HUB of receipt of the protest. In the event the size protest pertains to a requirement involving SBA's SBIR Program, the Government Contracting Area Director will advise the Assistant Administrator for Technology of the receipt of the protest. SBA will provide a copy of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.406: How does a small business concern qualify to provide manufactured products under small business set-aside or MED procurements?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121406-how-does-a-small-business-concern-qualify-to-provide-manufactured-products-under-small-business-set-aside-or-med-procurements.html</link><description><![CDATA[ (a) General. In order to qualify as a small business concern for a small business set-aside or 8(a) contract to provide manufactured products, an offeror must either: (1) Be the manufacturer of the end item being procured (and the end item must be manufactured or produced in the United States); or (2) Comply with the requirements of paragraph (b), (c) or (d) of this section as a nonmanufacturer, a kit assembler or a supplier under Simplified Acquisition Procedures. (b) Nonmanufacturers. (1) A concern may qualify for a requirement to provide manufactured products as a nonmanufacturer if it: (i) Does...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.504: When does SBA determine the size status of a business concern?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121504-when-does-sba-determine-the-size-status-of-a-business-concern.html</link><description><![CDATA[ SBA determines the size status of a concern (including its affiliates) as of the date the concern submits a written self- certification that it is small to the Government as Part of its initial offer including price where there is a specific sale or lease at issue, or as set forth in Sec. 121.903 if made in response to a request of another Government agency. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.602: At what point in time must a MED applicant be small?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121602-at-what-point-in-time-must-a-med-applicant-be-small.html</link><description><![CDATA[ A MED applicant must be small for its primary industry at the time SBA certifies it for admission into the program. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Minority Enterprise Development (MED) Program &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Mining, Quarrying, and Oil and Gas Extraction</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-mining-quarrying-and-oil-and-gas-extraction.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 211 Oil and Gas Extraction: 211111 Crude Petroleum...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.603: How does SBA determine whether a Participant is small for a particular MED subcontract?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121603-how-does-sba-determine-whether-a-participant-is-small-for-a-particular-med-subcontract.html</link><description><![CDATA[ (a) Self certification by Participant. A MED Participant must certify that it qualifies as a small business under the NAICS code assigned to a particular MED subcontract as Part of its initial offer including price to the procuring agency. The Participant also must submit a copy of its offer, including its self-certification as to size, to the appropriate SBA district office at the same time it submits the offer to the procuring agency. See Sec. 121.404 for the time at which size is determined for, and Sec. 121.406 for the applicability of the nonmanufacturer rule to, MED procurements. (b)...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.409: What size standard applies in an unrestricted procurement for Certificate of Competency purposes?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121409-what-size-standard-applies-in-an-unrestricted-procurement-for-certificate-of-competency-purposes.html</link><description><![CDATA[ For the purpose of receiving a Certificate of Competency in an unrestricted procurement, the applicable size standard is that corresponding to the NAICS code set forth in the solicitation. For a manufactured product, a concern must also furnish a domestically produced or manufactured product, regardless of the size status of the product manufacturer. The offeror need not be the manufacturer of any of the items acquired. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Administrative and Support, Waste Management and Remediation Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-administrative-and-support-waste-management-and-remediation-services.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 561 Administrative and Support Services: 561110 Office Administrative...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.511: What is the size standard for buying Government-owned petroleum?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121511-what-is-the-size-standard-for-buying-government-owned-petroleum.html</link><description><![CDATA[ A concern is small for this purpose if it is primarily engaged in petroleum refining and meets the size standard for a petroleum refining business. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales or Lease of Government Property &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1003: Where should a size protest be filed?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211003-where-should-a-size-protest-be-filed.html</link><description><![CDATA[ A protest involving a government procurement or sale must be filed with the contracting officer for the procurement or sale, who must forward the protest to the SBA Government Contracting Area Office serving the area in which the headquarters of the protested concern is located, regardless of the location of any parent company or affiliates. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Procedures for Size Protests and Requests for Formal Size Determinations &amp;amp;nbsp; Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Size Eligibility Requirements Exist for Obtaining Business Loans Relating to Particular Procurements?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-size-eligibility-requirements-exist-for-obtaining-business-loans-relating-to-particular-procurements.html</link><description><![CDATA[ A concern qualified as small for a particular procurement, including an 8(a) subcontract, is small for financial assistance directly and primarily relating to the performance of the particular procurement. &amp;amp;nbsp; Read more about Small Business Size Regulations. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Part 121 - Small Business Size Regulations &amp;amp;nbsp; What is a Small Business? Small Business Size Regulations About Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1102: Are NAICS code designations subject to appeal?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211102-are-naics-code-designations-subject-to-appeal.html</link><description><![CDATA[ A NAICS code designation made by a procuring activity contracting officer may be appealed to OHA. The procedures governing OHA appeals are set forth in Part 134 of this chapter. The OHA appeal is an administrative remedy that must be exhausted before judicial review of a NAICS code designation may be sought in a court. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Appeals of Size Determinations and NAICS Code Designations &amp;amp;nbsp; Small Business Size Regulations:...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How does the Small Business Adminstration Define &amp;quot;Business Concern or Concern&amp;quot;?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-adminstration-define-business-concern-or-concern.html</link><description><![CDATA[ Except for small agricultural cooperatives, a business concern eligible for assistance from the Small Business Administration (SBA) as a small business is a business entity organized for profit, with a place of business located in the United States, and which operates primarily within the United States or which makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor. A small agricultural cooperative is an association (corporate or otherwise) acting pursuant to the provisions of the Agricultural Marketing Act whose size does not exceed the size standard established by the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Manufacturing</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-manufacturing.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 311 Food Manufacturing: 311111 Dog and Cat Food...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Professional, Scientific and Technical Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-professional-scientific-and-technical-services.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 541 Professional, Scientific and Technical Services: 541110 Offices...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.413: What size must a concern be to be eligible for the Very Small Business program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121413-what-size-must-a-concern-be-to-be-eligible-for-the-very-small-business-program.html</link><description><![CDATA[ A concern is a very small business (see Sec. 125.7 of this chapter) if, together with its affiliates, it has no more than 15 employees and its average annual receipts do not exceed $1 million. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Government Procurement &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sectors 44-45 - Retail Trade</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sectors-44-45-retail-trade.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 441 Motor Vehicle and Parts Dealers: 441110 New...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Agriculture, Forestry, Fishing and Hunting</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-agriculture-forestry-fishing-and-hunting.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 111 Crop Production: 111110 Soybean Farming $0.75 &amp;amp;nbsp;...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How Does the Small Business Administration Define Afffiliation?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-administration-define-afffiliation.html</link><description><![CDATA[ General Principles of Affiliation Businesses and entities are affiliates of each other when one controls or has the power to control the other, or a third party or parties controls or has the power to control both. It does not matter whether control is exercised, so long as the power to control exists. The Small Business Administration (SBA) considers factors such as ownership, management, previous relationships with or ties to another business, and contractual relationships, in determining whether affiliation exists. Control may be affirmative or negative. Negative control includes, but is not limited to, instances where a minority shareholder...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1203: When will a waiver of the Nonmanufacturer Rule be granted for an individual contract?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211203-when-will-a-waiver-of-the-nonmanufacturer-rule-be-granted-for-an-individual-contract.html</link><description><![CDATA[ An individual waiver for a product in a specific solicitation will be approved when the SBA Associate Administrator for Government Contracting reviews and accepts a contracting officer's determination that no small business manufacturer or processor can reasonably be expected to offer a product meeting the specifications of a solicitation, including the period of performance. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart B - Other Applicable Provisions, Waivers of the Nonmanufacturer Rule for Classes of Products and Individual Contracts &amp;amp;nbsp; Small Business Size...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.506: What definitions are important for sales or leases of Government-owned timber?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121506-what-definitions-are-important-for-sales-or-leases-of-government-owned-timber.html</link><description><![CDATA[ (a) Forest product industry means logging, wood preserving, and the manufacture of lumber and wood related products such as veneer, plywood, hardboard, particle board, or wood pulp, and of products of which lumber or wood related products are the principal raw materials. (b) Logging of timber means felling and bucking, yarding, and/or loading. It does not mean hauling. (c) Manufacture of logs means, at a minimum, breaking down logs into rough cuts of the finished product. (d) Sell means, in addition to its usual and customary meaning, the exchange of sawlogs for sawlogs on a product-for-product basis with or...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.407: What are the size procedures for multiple item procurements?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121407-what-are-the-size-procedures-for-multiple-item-procurements.html</link><description><![CDATA[ If a procurement calls for two or more specific end items or types of services with different size standards and the offeror may submit an offer on any or all end items or types of services, the offeror must meet the size standard for each end item or service item for which it submits an offer. If the procurement calls for more than one specific end item or type of service and an offeror is required to submit an offer on all items, the offeror may qualify as a small business for the procurement if it meets the size...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 72 - Accommodation and Food Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-72-accommodation-and-food-services.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 721 Accommodation: 721110 Hotels(except Casino Hotels) and Motels...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.502: What size standards are applicable to programs for sales or leases of Government property?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121502-what-size-standards-are-applicable-to-programs-for-sales-or-leases-of-government-property.html</link><description><![CDATA[ (a) Unless otherwise specified in this Part -- (1) A concern primarily engaged in manufacturing is small for sales or leases of Government property if it does not exceed 500 employees; (2) A concern not primarily engaged in manufacturing is small for sales or leases of Government property if it has annual receipts not exceeding $6.0 million. (b) Size status for such sales and leases is determined by the primary industry of the applicant business concern. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.412: What are the size procedures for partial small business set-asides?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121412-what-are-the-size-procedures-for-partial-small-business-set-asides.html</link><description><![CDATA[ A firm is required to meet size standard requirements only for the small business set-aside portion of a procurement, and is not required to qualify as a small business for the unrestricted portion. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Government Procurement &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.405: May a business concern self-certify its small business size status?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121405-may-a-business-concern-self-certify-its-small-business-size-status.html</link><description><![CDATA[ (a) A concern must self-certify it is small under the size standard specified in the solicitation, or as clarified, completed or supplied by SBA pursuant to Sec. 121.402(d). (b) A contracting officer may accept a concern's self-certification as true for the particular procurement involved in the absence of a written protest by other offerors or other credible information which causes the contracting officer or SBA to question the size of the concern. (c) Procedures for protesting the self-certification of an offeror are set forth in Secs. 121.1001 through 121.1009. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.408: What are the size procedures for SBA's Certificate of Competency Program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121408-what-are-the-size-procedures-for-sbas-certificate-of-competency-program.html</link><description><![CDATA[ (a) A firm which applies for a COC must file an &amp;quot;Application for Small Business Size Determination&amp;quot; (SBA Form 355). If the initial review of SBA Form 355 indicates the applicant, including its affiliates, is small for purposes of the COC program, SBA will process the application for COC. If the review indicates the applicant, including its affiliates, is other than small, SBA will initiate a formal size determination as set forth in Sec. 121.1009. In such a case, SBA will not further process the COC application until a formal size determination is made. (b) A concern is ineligible...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Size Standards are Applicable to Financial Assistance Programs?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-size-standards-are-applicable-to-financial-assistance-programs.html</link><description><![CDATA[ For Business Loans and Disaster Loans (other than physical disaster loans), an applicant business concern must satisfy two criteria: The size of the applicant alone (without affiliates) must not exceed the size standard designated for the industry in which the applicant is primarily engaged; and The size of the applicant combined with its affiliates must not exceed the size standard designated for either the primary industry of the applicant alone or the primary industry of the applicant and its affiliates, which ever is higher. These size standards are set forth in table of size standards. For Development Company programs,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.411: What are the size procedures for SBA's Section 8(d) Subcontracting Program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121411-what-are-the-size-procedures-for-sbas-section-8d-subcontracting-program.html</link><description><![CDATA[ (a) Prime contractors may rely on the information contained in SBA's Procurement Automated Source System (PASS), or equivalent data base maintained or sanctioned by SBA, as an accurate representation of a concern's size and ownership characteristics for purposes of maintaining a small business source list. Even though a concern is on a small business source list, it must still qualify and self-certify as a small business at the time it submits its offer as a section 8(d) subcontractor. (b) Upon determination of the successful subcontract offeror for a competitive subcontract, but prior to award, the prime contractor must inform...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.508: What are the size standards and other requirements for the purchase of Government-owned Special Salvage Timber?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121508-what-are-the-size-standards-and-other-requirements-for-the-purchase-of-government-owned-special-salvage-timber.html</link><description><![CDATA[ (a) In order to purchase Government-owned Special Salvage Timber from the United States Forest Service or the Bureau of Land Management as a small business, a concern must: (1) Be primarily engaged in the logging or forest product industry; (2) Have, together with its affiliates, no more than twenty-five employees during any pay period for the last twelve months; and (3) If it does not intend at the time of offer to resell the timber -- (i) Agree that it will manufacture a significant portion of the logs with its own employees; and (ii) Agree that it will log...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Information</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-information.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 511 Publishing Industries (except Internet): 511110 Newspaper Publishers...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1205: How is a list of previously granted class waivers obtained?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211205-how-is-a-list-of-previously-granted-class-waivers-obtained.html</link><description><![CDATA[ A list of classes of products for which waivers of the Nonmanufacturer Rule have been granted will be maintained in SBA's Procurement Automated Source System (PASS). A list of such waivers may also be obtained by contacting the Office of Government Contracting at the Small Business Administration, 409 3rd Street, SW., Washington, DC 20416, or at the nearest SBA Government Contracting Area Office. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart B - Other Applicable Provisions, Waivers of the Nonmanufacturer Rule for Classes...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Real Estate and Rental and Leasing</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-real-estate-and-rental-and-leasing.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 531 Real Estate: 531110 Lessors of Residential Buildings...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 42 - Wholesale Trade</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-42-wholesale-trade.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 423 Merchant Wholesalers, Durable Goods: 423110 Automobile and...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.701: What SBIR programs are subject to size determinations?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121701-what-sbir-programs-are-subject-to-size-determinations.html</link><description><![CDATA[ (a) These sections apply to size status for award of a funding agreement pursuant to the Small Business Innovation Development Act of 1982 (Pub. L. 97-219, 15 U.S.C. 638(e) through (k)). (b) Funding agreement officer means a contracting officer, a grants officer, or a cooperative agreement officer. (c) Funding agreement means any contract, grant or cooperative agreement entered into between any Federal agency and any small business for the performance of experimental, developmental, or research work funded in whole or in Part by the Federal Government. Such work includes: (1) A systematic, intensive study directed toward greater knowledge or...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.902: What size standards are applicable to programs of other agencies?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121902-what-size-standards-are-applicable-to-programs-of-other-agencies.html</link><description><![CDATA[ SBA size standards. The size standards for compliance with programs of other agencies are those for SBA programs which are most comparable to the programs of such other agencies, unless the agency and SBA agree otherwise. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Compliance With Programs of Other Agencies &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How Does the Small Business Administration Establish Size Standards?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-administration-establish-size-standards.html</link><description><![CDATA[ The Small Business Administration (SBA) considers economic characteristics comprising the structure of an industry, including degree of competition, average firm size, start-up costs, entry barriers, and distribution of firms by size. It also takes into account technological changes, competition from other industries, growth trends, historical activity within an industry, unique factors occurring in the industry that may distinguish small firms from other firms, the objectives of its programs and the impact on those programs of different size standard levels. As part of its review of a size standard, the SBA will investigate if any business at or below a...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 81 - Other Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-81-other-services.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 811 Repair and Maintenance: 811111 General Automotive Repair...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.703: Are formal size determinations binding on parties?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121703-are-formal-size-determinations-binding-on-parties.html</link><description><![CDATA[ Size determinations by authorized SBA officials are formal actions based upon a specific funding agreement, and are binding upon the parties. Other SBA opinions provided to funding agreement officers or others, are only advisory, and are not binding or appealable. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Small Business Innovation Research (SBIR) Program &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Construction</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-construction.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 236 Construction of Buildings: 236115 New Single-Family Housing...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.505: What is the effect of a self-certification?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121505-what-is-the-effect-of-a-self-certification.html</link><description><![CDATA[ (a) A contracting officer may accept a concern's self-certification as true for the particular sale or lease involved, in the absence of a written protest by other offerors or other credible information which would cause the contracting officer or SBA to question the size of the concern. (b) Procedures for protesting the self-certification of an offeror are set forth in Secs. 121.1001 through 121.1009. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.803: Are formal size determinations binding on parties?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121803-are-formal-size-determinations-binding-on-parties.html</link><description><![CDATA[ Size determinations by authorized SBA officials are formal actions, based upon a specific patent application pursuant to the rules of the Patent and Trademark Office, Department of Commerce, and are binding upon the parties. Other SBA opinions provided to patent applicants or others are only advisory, and are not binding or appealable. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Paying Reduced Patent Fees &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>When Does the SBA Determine the Size Status of an Applicant?</title><link>http://www.smallbusinessnotes.com/small-business-resources/when-does-the-sba-determine-the-size-status-of-an-applicant.html</link><description><![CDATA[ The size status of an applicant for SBA financial assistance is determined as of the date the application for financial assistance is accepted for processing by the SBA, except for applications under the Preferred Lenders Program (PLP), the Disaster Loan program, the SBIC program, and the New Markets Venture Capital (NMCV) program. For the Preferred Lenders program, size is determined as of the date of approval of the loan by the Preferred Lender. For disaster loan assistance (other than physical disaster loans), size status is determined as of the date the disaster commenced, as set forth in the Disaster...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What are the Size Requirements for Refinancing an Existing SBA Loan?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-are-the-size-requirements-for-refinancing-an-existing-sba-loan.html</link><description><![CDATA[ A concern that applies to refinance an existing SBA loan or guarantee will be considered small for the refinancing even though its size has increased since the date of the original financing to exceed its applicable size standard, provided that: (1) The increase in size is due to natural growth (as distinguished from merger, acquisition or similar management action); and (2) The SBA determines that refinancing is necessary to protect the Government's financial interest. If a concern's size has increased other than by natural growth, the concern and its affiliates must be small at the time the application for...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1007: Must a protest of size status relate to a particular procurement and be specific?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211007-must-a-protest-of-size-status-relate-to-a-particular-procurement-and-be-specific.html</link><description><![CDATA[ (a) Particular procurement. A protest challenging the size of a concern which does not pertain to a particular procurement or sale will not be acted on by SBA. (b) A protest must include specific facts. A protest must be sufficiently specific to provide reasonable notice as to the grounds upon which the protested concern's size is questioned. Some basis for the belief or allegation stated in the protest must be given. A protest merely alleging that the protested concern is not small or is affiliated with unnamed other concerns does not specify adequate grounds for the protest. No particular...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards Management of Companies and Enterprises</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-management-of-companies-and-enterprises.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 551 Management of Companies and Enterprises: 551111 Offices...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.101: What are SBA size standards?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121101-what-are-sba-size-standards.html</link><description><![CDATA[ Guide to Size Standards The U. S. Small Business Administration (SBA) has prepared this guide to assist the general public in understanding SBA's definitions of a small business. They are termed &amp;quot;size standards,&amp;quot; and represent the largest a firm can be and still be considered a small business. This guide provides general information on size standard requirements and also addresses most of the typical concerns of the public regarding the use of size standards. Effective October 1, 2000, SBA established a new table of small business size standards based on the North American Industry Classification System (NAICS). This new...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How does the Small Business Administration Calculate Number of Employees?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-administration-calculate-number-of-employees.html</link><description><![CDATA[ In determining a business' number of employees, the Small Business Administration (SBA) counts all individuals employed on a full-time, part-time, or other basis. This includes employees obtained from a temporary employee agency, professional employee organization or leasing concern. SBA will consider the totality of the circumstances, including criteria used by the IRS for Federal income tax purposes, in determining whether individuals are employees of a concern. Volunteers (i.e. , individuals who receive no compensation, including no in-kind compensation, for work performed) are not considered employees. Where the size standard is number of employees, the method for determining a business'...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.410: What are the size standards for SBA's Section 8(d) Subcontracting Program?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121410-what-are-the-size-standards-for-sbas-section-8d-subcontracting-program.html</link><description><![CDATA[ For subcontracting purposes pursuant to section 8(d) of the Small Business Act, a concern is small: (a) For subcontracts of $10,000 or less which relate to Government procurements, if its number of employees (including its affiliates) does not exceed 500 employees. However, subcontracts for engineering services awarded under the National Energy Policy Act of 1992 have the same size standard as Military and Aerospace Equipment and Military Weapons under NAICS code 541330; (b) For subcontracts exceeding $10,000 which relate to Government procurements, if its number of employees or average annual receipts (including its affiliates) does not exceed the size...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Procurement Programs are Subject to Size Determinations?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-procurement-programs-are-subject-to-size-determinations.html</link><description><![CDATA[ The rules set forth apply to all Federal procurement programs for which status as a small business is required or advantageous, including the small business set-aside program, SBA's Certificate of Competency program, SBA's 8(a) Business Development program, SBA's HUBZone program, SBA's Service-Disabled Veteran-Owned Small Business program, the Small Business Subcontracting program, and the Federal Small Disadvantaged Business (SDB) program. &amp;amp;nbsp; Read more about Small Business Size Regulations. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Part 121 - Small Business Size Regulations &amp;amp;nbsp; What is a Small Business? Small Business Size Regulations About Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.802: What size standards are applicable to reduced patent fees programs?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121802-what-size-standards-are-applicable-to-reduced-patent-fees-programs.html</link><description><![CDATA[ A concern eligible for reduced patent fees is one: (a) Whose number of employees, including affiliates, does not exceed 500 persons; and (b) Which has not assigned, granted, conveyed, or licensed (and is under no obligation to do so) any rights in the invention to any person who made it and could not be classified as an independent inventor, or to any concern which would not qualify as a non-profit organization or a small business concern under this section. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Size Standards has the Small Business Administration Identified by North American Industry Classification System codes?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-size-standards-has-the-small-business-administration-identified-by-north-american-industry-classification-system-codes.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Sector 11 - Agriculture, Forestry, Fishing and Hunting Sector 21 - Mining, Quarrying, and Oil and Gas Extraction Sector 22 - Utilities Sector 23 - Construction Sectors 31-33 - Manufacturing Sector 42 -...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1002: Who makes a formal size determination?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211002-who-makes-a-formal-size-determination.html</link><description><![CDATA[ The responsible Government Contracting Area Director or designee makes all formal size determinations in response to either a size protest or a request for a formal size determination, with the exception of size determinations for purposes of the Disaster Loan Program, which will be made by the Disaster Area Office Director or designee responsible for the area in which the disaster occurred. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Procedures for Size Protests and Requests...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1010: How does a concern become recertified as a small business?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211010-how-does-a-concern-become-recertified-as-a-small-business.html</link><description><![CDATA[ (a) A concern may request SBA to recertify it as small at any time by filing an application for recertification with the Government Contracting Area Office responsible for the area in which the headquarters of the applicant is located, regardless of the location of parent companies or affiliates. No particular form is prescribed for the application; however, the request for recertification must be accompanied by a current completed SBA Form 355 and any other information sufficient to show a significant change in its ownership, management, or other factors bearing on its status as a small concern. (b) Recertification will...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1001: Who may initiate a size protest or request a formal size determination?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211001-who-may-initiate-a-size-protest-or-request-a-formal-size-determination.html</link><description><![CDATA[ (a) Size Status Protests. (1) For SBA's Small Business Set-Aside Program, including the Property Sales Program, the following entities may file a size protest in connection with a particular procurement or sale: (i) Any offeror; (ii) The contracting officer; (iii) The SBA Government Contracting Area Director having responsibility for the area in which the headquarters of the protested offeror is located, regardless of the location of a parent company or affiliates, or the Associate Administrator for Government Contracting; and (iv) Other interested parties. Other interested parties include large businesses where only one concern submitted an offer for the specific...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 62 - Health Care and Social Assistance</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-62-health-care-and-social-assistance.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 621 Ambulatory Health Care Services: 621111 Offices of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Size Procedures are Used by the SBA Before It Makes a Formal Size Determination?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-size-procedures-are-used-by-the-sba-before-it-makes-a-formal-size-determination.html</link><description><![CDATA[ A concern that submits an application for financial assistance is deemed to have certified that it is small under the applicable size standard. The SBA may question the concern's status based on information supplied in the application or from any other source. A small business investment company, a development company, a surety bond company, or a preferred lender may accept as true the size information provided by an applicant, unless credible evidence to the contrary is apparent. Size is initially considered by the individual with final financial assistance authority. This is not a formal size determination. A formal determination...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.503: Are SBA size determinations binding on parties?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121503-are-sba-size-determinations-binding-on-parties.html</link><description><![CDATA[ Formal size determinations based upon a specific Government sale or lease, or made in response to a request from another Government agency under Sec. 121.901, are binding upon the parties. Other SBA opinions provided to contracting officers or others are only advisory, and are not binding or appealable. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales or Lease of Government Property &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.705: Must a business concern self-certify its size status?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121705-must-a-business-concern-self-certify-its-size-status.html</link><description><![CDATA[ (a) A firm must self-certify it is small in its SBIR funding proposal. (b) A funding agreement officer may accept a concern's self- certification as true for the particular funding agreement involved in the absence of a written protest by other offerors or other credible information which would cause the funding agreement officer or SBA to question the size of the concern. (c) Procedures for protesting an offeror's self-certification are set forth in Secs. 121.1001 through 121.1009. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.704: When does SBA determine the size status of a business concern?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121704-when-does-sba-determine-the-size-status-of-a-business-concern.html</link><description><![CDATA[ The size status of a concern for the purpose of a funding agreement under the SBIR program is determined as of the date of the award for both Phase I and Phase II SBIR awards. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for the Small Business Innovation Research (SBIR) Program &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.901: Can other Government agencies obtain SBA size determinations?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121901-can-other-government-agencies-obtain-sba-size-determinations.html</link><description><![CDATA[ Upon request by another Government agency, SBA will provide a size determination, under SBA rules, standards and procedures, for its use in determining compliance with small business requirements of its statutes, regulations or programs. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Compliance With Programs of Other Agencies &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1005: How must a protest be filed with the contracting officer?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211005-how-must-a-protest-be-filed-with-the-contracting-officer.html</link><description><![CDATA[ A protest must be delivered to the contracting officer by hand, telegram, mail, FAX, or telephone. If a protest is made by telephone, the contracting officer must later receive a confirming letter either within the 5-day period in Sec. 121.1004(a)(1) or postmarked no later than one day after the date of the telephone protest. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Procedures for Size Protests and Requests for Formal Size Determinations &amp;amp;nbsp; Small Business Size...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1204: What are the procedures for requesting and granting waivers?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211204-what-are-the-procedures-for-requesting-and-granting-waivers.html</link><description><![CDATA[ (a) Waivers for classes of products. (1) SBA may, at its own initiative, examine a class of products for possible waiver of the Nonmanufacturer Rule. (2) Any interested person, business, association, or Federal agency may submit a request for a waiver for a particular class of products. Requests should be addressed or hand-carried to the Associate Administrator of Government Contracting, Small Business Administration, 409 3rd Street SW., Washington, DC 20416. (3) Requests for a waiver of a class of products need not be in any particular form, but should include a statement of the class of products to be...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What are the Small Business Administration Size Standards?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-are-the-small-business-administration-size-standards.html</link><description><![CDATA[ The Small Business Adminstration's size standards define whether a business entity is small and, thus, eligible for Government programs and preferences reserved for &amp;quot;small business&amp;quot; concerns. Size standards have been established for types of economic activity, or industry, generally under the North American Industry Classification System (NAICS). NAICS is described in the North American Industry Classification Manual - United States. The manual includes definitions for each industry. NAICS assigns codes to all economic activity within twenty broad sectors. Section 121.201 provides a full table of small business size standards matched to the U.S. NAICS industry codes. A full table...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.509: What is the size standard for leasing of Government land for coal mining?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121509-what-is-the-size-standard-for-leasing-of-government-land-for-coal-mining.html</link><description><![CDATA[ A concern is small for this purpose if it: (a) Together with its affiliates, does not have more than 250 employees; (b) Maintains management and control of the actual mining operations of the tract; and (c) Agrees that if it subleases the Government land, it will be to another small business, and that it will require its sublessors to agree to the same. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.801: May patent fees be reduced if a concern is small?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121801-may-patent-fees-be-reduced-if-a-concern-is-small.html</link><description><![CDATA[ These sections apply to size status for the purpose of paying reduced patent fees authorized by Pub. L. 97-247, 96 Stat. 317. The eligibility requirements for independent inventors and nonprofit organizations for the purpose of paying reduced patent fees are set forth in regulations of the Patent and Trademark Office of the Department of Commerce, 37 CFR 1.9, 1.27, 1.28. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Paying Reduced Patent Fees...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.510: What is the size standard for leasing of Government land for uranium mining?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121510-what-is-the-size-standard-for-leasing-of-government-land-for-uranium-mining.html</link><description><![CDATA[ A concern is small for this purpose if it, together with its affiliates, does not have more than 100 employees. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales or Lease of Government Property &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How does the Small Business Administration Determine a Business Concern's &amp;quot;Primary Industry&amp;quot;?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-administration-determine-a-business-concerns-primary-industry.html</link><description><![CDATA[ In determining the primary industry in which a concern or a concern combined with its affiliates is engaged, the Small Business Administration (SBA) considers the distribution of receipts, employees and costs of doing business among the different industries in which business operations occurred for the most recently completed fiscal year. The SBA may also consider other factors, such as the distribution of patents, contract awards, and assets. Read more about Small Business Size Regulations. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Part 121 - Small Business Size Regulations &amp;amp;nbsp; What is a Small Business? Small Business Size Regulations...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 92 - Public Administration</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-92-public-administration.html</link><description><![CDATA[ Small business size standards are not established for this sector. Establishments in the Public Administration sector are Federal, State, and local government agencies which administer and oversee government programs and activities that are not performed by private establishments. Concerns performing operational services for the administration of a government program are classified under the NAICS private sector industry based on the activities performed. Similarly, procurements for these types of services are classified under the NAICS private sector industry that best describes the activities to be performed. For example, if a government agency issues a procurement for law enforcement services, the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1201: What is the Nonmanufacturer Rule?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211201-what-is-the-nonmanufacturer-rule.html</link><description><![CDATA[ The Nonmanufacturer Rule is set forth in Sec. 121.406(b). &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart B - Other Applicable Provisions, Waivers of the Nonmanufacturer Rule for Classes of Products and Individual Contracts &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.507: What are the size standards and other requirements for the purchase of Government-owned timber (other than Special Salvage Timber)?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121507-what-are-the-size-standards-and-other-requirements-for-the-purchase-of-government-owned-timber-other-than-special-salvage-timber.html</link><description><![CDATA[ (a) To be small for purposes of the sale of Government-owned timber (other than Special Salvage Timber) a concern must: (1) Be primarily engaged in the logging or forest products industry; (2) Not exceed 500 employees, taking into account its affiliates; and (3) If it does not intend at the time of the offer to resell the timber -- (i) Agree that it will manufacture the logs with its own facilities or those of another business which meets the requirements of paragraphs (a)(1) and (a)(2) of this section; (ii) Agree that if it eventually resells the timber, it will...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1101: Are formal size determinations subject to appeal?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211101-are-formal-size-determinations-subject-to-appeal.html</link><description><![CDATA[ A formal size determination made by a Government Contracting Area Office or by a Disaster Area Office may be appealed to OHA. The procedures governing OHA appeals are set forth in Part 134 of this chapter. The OHA appeal is an administrative remedy that must be exhausted before judicial review of a formal size determination may be sought in a court. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Appeals of Size Determinations and NAICS Code...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.501: What programs for sales or leases of Government property are subject to size determinations?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121501-what-programs-for-sales-or-leases-of-government-property-are-subject-to-size-determinations.html</link><description><![CDATA[ Sections 121.501 through 121.512 apply to small business size determinations for the purpose of the sale or lease of Government property, including the Timber Sales Program, the Special Salvage Timber Sales Program, and the sale of Government petroleum, coal and uranium. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Sales or Lease of Government Property &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.804: When does SBA determine the size status of a business concern?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121804-when-does-sba-determine-the-size-status-of-a-business-concern.html</link><description><![CDATA[ Size status is determined as of the date of the patent applicant's written verification of size. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Paying Reduced Patent Fees &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1006: When will a size protest be referred to an SBA Government Contracting Area Office?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211006-when-will-a-size-protest-be-referred-to-an-sba-government-contracting-area-office.html</link><description><![CDATA[ (a) A contracting officer who receives a protest (other than from SBA) must forward the protest promptly to the SBA Government Contracting Area Office serving the area in which the headquarters of the offeror is located. (b) A contracting officer's referral must contain the following information: (1) The protest and any accompanying materials; (2) A copy of the self-certification as to size; (3) Identification of the applicable size standard; (4) A copy of the solicitation; (5) Identification of the date of bid opening or notification provided to unsuccessful offerors; (6) The date on which the protest was received; and...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Sector 61 - Educational Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-sector-61-educational-services.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 611 Educational Services: 611110 Elementary and Secondary Schools...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.403: Are SBA size determinations and NAICS code designations binding on parties?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121403-are-sba-size-determinations-and-naics-code-designations-binding-on-parties.html</link><description><![CDATA[ Formal size determinations and NAICS code designations made by authorized SBA officials are binding upon the parties. Opinions otherwise provided by SBA officials to contracting officers or others are advisory in nature, and are not binding or appealable. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Size Eligibility Requirements for Government Procurement &amp;amp;nbsp; Small Business Size Regulations: 13 CFR 121 About Small Business Books on Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>How does the Small Business Administration Calculate Annual Receipts?</title><link>http://www.smallbusinessnotes.com/small-business-resources/how-does-the-small-business-administration-calculate-annual-receipts.html</link><description><![CDATA[ Receipts means &amp;quot;total income&amp;quot; (or in the case of a sole proprietorship, &amp;quot;gross income&amp;quot;) plus &amp;quot;cost of goods sold&amp;quot; as these terms are defined and reported on Internal Revenue Service (IRS) tax return forms. Receipts do not include net capital gains or losses; taxes collected for and remitted to a taxing authority if included in gross or total income, such as sales or other taxes collected from customers and excluding taxes levied on the concern or its employees; proceeds from transactions between a concern and its domestic or foreign affiliates; and amounts collected for another by a travel agent,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.903: How may an agency use size standards for its programs that are different than those established by SBA?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121903-how-may-an-agency-use-size-standards-for-its-programs-that-are-different-than-those-established-by-sba.html</link><description><![CDATA[ (a) Federal agencies or departments promulgating regulations relating to small businesses usually use SBA size criteria. In limited circumstances, if they decide the SBA size standard is not suitable for their programs, then agency heads may establish a more appropriate small business definition for the exclusive use in such programs, but only when: (1) The size standard will determine: (i) The size of a manufacturing concern by its average number of employees based on the preceding twelve calendar months, determined according to Sec. 121.106; (ii) The size of a services concern by its average annual receipts over a period...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1004: What time limits apply to size protests?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211004-what-time-limits-apply-to-size-protests.html</link><description><![CDATA[ (a) Protests by entities other than contracting officers or SBA. (1) Non-negotiated procurement or sale. A protest must be received by the contracting officer prior to the close of business on the 5th day, exclusive of Saturdays, Sundays, and legal holidays, after bid or proposal opening. (2) Negotiated procurement. A protest must be received by the contracting officer prior to the close of business on the 5th day, exclusive of Saturdays, Sundays, and legal holidays, after the contracting officer has notified the protestor of the identity of the prospective awardee. (3) Multiple award schedule. On a multiple award schedule...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.1103: What are the procedures for appealing an NAICS code designation?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec1211103-what-are-the-procedures-for-appealing-an-naics-code-designation.html</link><description><![CDATA[ (a) Generally, any interested party who has been adversely affected by an NAICS code designation may appeal the designation to OHA. However, with respect to a particular sole source 8(a) contract, only the Associate Administrator for 8(a)BD may appeal. (b) Procedures for perfecting NAICS code appeals with OHA are contained in Sec. 19.303 of the Federal Acquisition Regulations, 48 CFR 19.303. &amp;amp;nbsp; Source: Code of Federal Regulations, Title 13, Volume 1, Revised as of January 1, 2003, Part 121 - Small Business Size Regulations, Subpart A - Size Eligibility Provisions and Standards, Appeals of Size Determinations and NAICS Code...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Size Standards for Finance and Insurance</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-size-standards-for-finance-and-insurance.html</link><description><![CDATA[ The North American Industry Classification System (NAICS) size standards described in this section apply to all SBA programs unless otherwise specified in this Part. The size standards themselves are expressed either in number of employees or annual receipts in millions of dollars, unless otherwise specified. The number of employees or annual receipts indicates the maximum allowed for a concern and its affiliates to be considered small. Small Business Size Standards by NAICS Industry NAICS code NAICS U.S. Industry Title Size Standards in millions of dollars Size Standards in number of employees 522 Credit Intermediation and Related Activities: 522110 Commercial...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Small Business Act</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-act.html</link><description><![CDATA[ (Public Law 85-536, as amended) 1. This Act may be cited as the &amp;quot;Small Business Act&amp;quot;. 2.(a) The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into business, and opportunities for the expression and growth of personal initiative and individual judgment be assured. The preservation and expansion of such competition is basic not only to the economic well-being but to the security of this Nation. Such security and well-being cannot be realized unless the actual and potential capacity of small business is encouraged and...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Sec.121.805: May a business concern self-certify its size status?</title><link>http://www.smallbusinessnotes.com/small-business-resources/sec121805-may-a-business-concern-self-certify-its-size-status.html</link><description><![CDATA[ (a) A concern verifies its size status with its submission of its patent application. (b) Any attempt to establish small size status improperly (fraudulently, through gross negligence, or otherwise) may result in remedial action by the Patent and Trademark Office. (c) In the absence of credible information indicating otherwise, the Patent and Trademark Office may accept the verification by the concern as a small business as true. (d) Questions concerning the size verification are resolved initially by the Patent and Trademark Office. If not verified as small, the applicant may request a formal SBA size determination. &amp;amp;nbsp; Source: Code...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Advancing Rural America</title><link>http://www.smallbusinessnotes.com/small-business-resources/advancing-rural-america.html</link><description><![CDATA[ Independence, dependability, self-reliance - these ideals of the American character are rooted in rural America. The Office of Advocacy recognizes that viable small businesses are the core of sustainable rural communities. And today, rural small businesses face special challenges - limited access to capital and technological infrastructure, an eroding employment base, and the need for agriculture to compete globally - to name a few. In recent years, the office has devoted greater resources to studying and identifying rural issues and making information available to help address them. For instance, the office's studies on lending let rural business owners know...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>NAICS Search</title><link>http://www.smallbusinessnotes.com/small-business-resources/naics-search.html</link><description><![CDATA[ &amp;amp;nbsp; Enter Keyword for NAICS search: &amp;amp;nbsp; Choosing the Right Business Books about Making the Decision to Start a Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Other Advocacy Initiatives that Impact Affecting Rural Areas</title><link>http://www.smallbusinessnotes.com/small-business-resources/other-advocacy-initiatives-that-impact-affecting-rural-areas.html</link><description><![CDATA[ The Office of Advocacy has also been involved in several other initiatives that have had an impact on rural America's small businesses. Ace-Net: Access to Capital Electronic Network- Developed in 1997 ACE-Net is an Internet-based listing service for securities offerings of small, growing companies located throughout the nation, which can be viewed anonymously by accredited investors. ACE-Net was developed by the U.S. Small Business Administration's Office of Advocacy, working in consultation with the U.S. Securities and Exchange Commission, the North American Securities Administrators Association, and the University of New Hampshire's Whittemore School of Business and Economics. ACE-Net is an...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Office of Economic Research: Publications</title><link>http://www.smallbusinessnotes.com/small-business-resources/office-of-economic-research-publications.html</link><description><![CDATA[ Within the Office of Advocacy, the Office of Economic Research (OER) is responsible for compiling and disseminating research and statistics on small businesses. OER assists rural areas businesses primarily by conducting or sponsoring research reports that discussion rural small businesses that and are of value to institutions serving rural areas. Developing data on rural areas is a fundamental part of this research. OER's development of the Business Information Tracking Series, a joint effort with the U.S. Census Bureau, has provided researchers with a powerful tool to track businesses by metropolitan or nonmetropolitan location, among many other variables. Many of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Future Efforts to Work that Could Impact Improve Small Businesses in Rural Areas</title><link>http://www.smallbusinessnotes.com/small-business-resources/future-efforts-to-work-that-could-impact-improve-small-businesses-in-rural-areas.html</link><description><![CDATA[ The Office of Advocacy has undertaken many projects that have had a positive impact on rural small businesses. Because of Advocacy's past leadership, it is possible for the office to continue to play a strong role in advocating for both rural and urban small businesses. Toward this end, the following are suggestions for future work that the Office of Advocacy could undertake. White House Conference on Small Business In 1995, the White House Conference on Small Business took place. No recommendations or actions that specifically addressed unique rural small business needs came out of this conference, however. Future discussion...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>What Defines a Small Business?</title><link>http://www.smallbusinessnotes.com/small-business-resources/what-is-defines-small-business.html</link><description><![CDATA[ When the U.S. Congress first established the Small Business Administration (SBA) in 1953, a numerical definition of what constitutes a small business was needed to determine which businesses were eligible for the SBA's programs. Over the years the SBA has established a set of numerical definitions for all for-profit industries. This numerical definition is called a &amp;quot;size standard.&amp;quot; It is usually stated either as the number of employees or average annual receipts of a business concern. In addition to establishing eligibility for the SBA programs, all federal agencies must use SBA's size standards for their Federal Government contracts identified...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Report on the Regulatory Flexibility Act, FY 2003, Executive Summary</title><link>http://www.smallbusinessnotes.com/small-business-resources/report-on-the-regulatory-flexibility-act-fy-2003-executive-summary.html</link><description><![CDATA[ This Fiscal Year 2003 report for the first time combines the Annual Report of the Chief Counsel for Advocacy on Implementation of the Regulatory Flexibility Act with Advocacy's report on Agency Compliance with Executive Order 13272 (E.O. 13272). This report informs the President, the Office of Management and Budget (OMB), and Congress whether agencies are considering the impact of their rules on small entities and thus improving their compliance with the Regulatory Flexibility Act (RFA) and E.O. 13272. The RFA, enacted in 1980, requires federal regulatory agencies to determine the impact of their rules on small entities, consider effective...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Activities of Advocacy's Regional Advocates</title><link>http://www.smallbusinessnotes.com/small-business-resources/activities-of-advocacys-regional-advocates.html</link><description><![CDATA[ Regional advocates are the chief counsel's direct link to local business owners, state and local government agencies, state legislatures and small business organizations. Covering the 10 federal regions of the nation, regional advocates help identify new issues and problems of small businesses by monitoring the impact of federal and state regulations and policies on the local business communities within their regions. In addition, the Office of Advocacy employs one advocate specifically to focus specifically on rural issues. Additional information can be found at www.sba.gov/advo/region.html. Telecommunications Act When the Federal Communications Commission implemented the Telecommunications Act, it changed universal service...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Office of Interagency Affairs: Regulatory Activity</title><link>http://www.smallbusinessnotes.com/small-business-resources/office-of-interagency-affairs-regulatory-activity.html</link><description><![CDATA[ The Office of Interagency Affairs includes employs advocates who pursue regulatory, legislative, and other policy initiatives that support small business growth. The office prepares comment letters and testimony on federal proposals that may affect small firms. The hallmark of Advocacy's efforts is addressing concerns shared by small businesses of all types. These include access to capital, burdens of regulatory compliance, costs associated with telecommunications reform, and tax policies that place undue burdens on small firm operations. In addition, the Office of Interagency Affairs tackles regulatory issues that affect specific industries. In pursuing good public policy, the Office of Interagency...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Additional Areas of Research</title><link>http://www.smallbusinessnotes.com/small-business-resources/additional-areas-of-research.html</link><description><![CDATA[ The Office of Advocacy has conducted a number of research projects that contain useful data for rural areas. However, rural practitioners need even more data. To determine the topic areas of greatest importance to rural development practitioners, members of the NRDP Listserv were contacted. Members of the partnership and Advocacy staff identified the following as topics for further research. General Characteristics and demographics of the owners of rural small businesses. The number of rural small businesses. The number of employees working for rural small businesses. The growth rate of rural small businesses compared to the growth rate of urban...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>Home-Based Business and Government Regulation</title><link>http://www.smallbusinessnotes.com/small-business-resources/home-based-business-and-government-regulation.html</link><description><![CDATA[ Previous research published by the Office of Advocacy has documented the disproportionate impact of federal regulations on small business: businesses with fewer than 20 employees pay 60 percent more per employee to comply with federal regulations than business with 500 or more employees (Crain and Hopkins, 2001). The current report continues this inquiry by investigating the impact of regulations (federal, state, and local) on the smallest of firms, home-based businesses. The home-based business sector is substantial in size: 53 percent of small businesses are based in the home (Pratt, 2000). Some home-based ventures are the incubators of successful ventures...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Services Available by Internet</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-services-available-by-internet.html</link><description><![CDATA[ You can access the IRS website 24 hours a day, 7 days a week, at www.irs.gov to: E-file. Access commercial tax preparation and e-file services available for free to eligible taxpayers. Check the status of your federal income tax refund. Click on &amp;quot;Where's My Refund.&amp;quot; Be sure to wait at least 6 weeks from the date you fild your return (3 weeks if you filed electronically) and have your federal income tax return available because you will need to know your filing status and the exact whole dollar amount of your refund. Download forms, instructions, and publications. Order IRS...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Kinds of Records To Keep</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-kinds-of-records-to-keep.html</link><description><![CDATA[ Except in a few cases, the law does not require any special kind of records. You can choose any recordkeeping system suited to your business that clearly shows your income and expenses. The business you are in affects the type of records you need to keep for federal tax purposes. You should set up your recordkeeping system using an accounting method that clearly shows your income for your tax year. If you are in more than one business, you should keep a complete and separate set of records for each business. Your recordkeeping system should include a summary of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, CD-ROM for Small Businesses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-cd-rom-for-small-businesses.html</link><description><![CDATA[ IRS Publication 3207, Small Business Resource Guide, is a must for every small business owner or any taxpayer about to start a business. This handy, interactive CD contains all the business tax forms, instructions and publications needed to successfully manage a business. In addition, the CD provides an abundance of other helpful information, such as how to prepare a business plan, finding financing for your business, and much more. The design of the CD makes finding information easy and quick and incorporates file formats and browsers that can be run on virtually any desktop or laptop computer. It is...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Small Business Administration</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-small-business-administration.html</link><description><![CDATA[ The Small Business Administration (SBA) offers training and educational programs, counseling services, financial programs, and contract assistance for small business owners. The SBA also has publications and videos on a variety of business topics. The following briefly describes assistance provided by the SBA. Small Business Development Centers (SBDCs). SBDCs provide counseling, training, and technical services to current and prospective small business owners who cannot afford the services of a private consultant. Help is available when beginning, improving, or expanding a small business. Business Information Centers (BICs). BICs offer a small business reference library, management video tapes, and computer technology...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Accounting Method</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-accounting-method.html</link><description><![CDATA[ An accounting method is a set of rules used to determine when and how income and expenses are reported. You choose an accounting method for your business when you file your first income tax return. There are two basic accounting methods. 1) Cash Method Under the cash method, you report income in the tax year you receive it. You usually deduct or capitalize expenses in the tax year you pay them. 2) Accrual Method Under an accrual method, you generally report income in the tax year you earn it, even though you may receive payment in a later year....]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Income Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-income-tax.html</link><description><![CDATA[ All businesses except partnerships must file an annual income tax return. Partnerships file an information return. Which form you use depends on how your business is organized. See Table 2 to find out which return you have to file. The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay. If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. If you...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Employee Compensation Record</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-employee-compensation-record.html</link><description><![CDATA[ This record shows the following information. The number of hours Henry's employee worked in a pay period. The employee's total pay for the period. The deductions Henry withheld in figuring the employee's net pay. The monthly gross payroll. Henry carries the January gross payroll ($520) to the Annual Summary. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Sample Record System: Daily Summary of Cash Receipts Monthly Summary of Cash Receipts Check Disbursements Journal Employee Compensation Record Annual Summary Depreciation Worksheet Bank Reconciliation &amp;amp;nbsp; More about Recordkeeping Starting a Business and Keeping Records, Table of Contents Printable Version of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Small Business Tax Education Program</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-small-business-tax-education-program.html</link><description><![CDATA[ Small business owners and other self-employed individuals can learn about business taxes through a unique partnership between the IRS and local organizations. Through workshops or in-depth tax courses, instructors provide training on starting a business, recordkeeping, preparing business tax returns, self-employment tax issues, and employment taxes. Some courses are offered free as a community service. Courses given by an educational facility may include costs for materials and tuition. Other courses may have a nominal fee to offset administrative costs of sponsoring organizations. For more information about this program, call the IRS Monday through Friday during regular business hours. Check...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Supporting Documents</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-supporting-documents.html</link><description><![CDATA[ Purchases, sales, payroll, and other transactions you have in your business will generate supporting documents. Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return. Keep them in an orderly fashion and in a safe place. For instance, organize them by year and type of income or expense. Gross Receipts Purchases Expenses Assets What If I Don't Have a Canceled Check? Information courtesy...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, What New Business Owners Need To Know</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-what-new-business-owners-need-to-know.html</link><description><![CDATA[ As a new business owner, you need to know your federal tax responsibilities. Table 1 can help you learn what those responsibilities are. Ask yourself each question listed in the table, then see the related discussion to find the answer. In addition to knowing about federal taxes, you need to make some basic business decisions. Ask yourself: What are my financial resources? What products and services will I sell? How will I market my products and services? How will I develop a strategic business plan? How will I manage my business on a day-to-day basis? How will I recruit...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Services Available by Mail</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-services-available-by-mail.html</link><description><![CDATA[ You can send your order for forms, instructions, and publications to the Distribution Center nearest to you and receive a response within 10 workdays after your request is received. Find the address that applies to your part of the country. Western part of U.S.: Western Area Distribution Center Rancho Cordova, CA 95743-0001 Central part of U.S.: Central Area Distribution Center P.O. Box 8903 Bloomington, IL 61702-8903 Eastern part of U.S. and foreign addresses: Eastern Area Distribution Center P.O. Box 85074 Richmond, VA 23261-5074 &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; More Free Services More Information Sources Starting...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Purchases</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-purchases.html</link><description><![CDATA[ Purchases are the items you buy and resell to customers. If you are a manufacturer or producer, this includes the cost of all raw materials or parts purchased for manufacture into finished products. Your supporting documents should show the amount paid and that the amount was for purchases. Documents for purchases include the following. Canceled checks. Cash register tape receipts. Credit card sales slips. Invoices. These records will help you determine the value of your inventory at the end of the year. See Publication 538 for information on methods for valuing inventory. &amp;amp;nbsp; Information courtesy of the Internal Revenue...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Payee's Identification Number</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-payees-identification-number.html</link><description><![CDATA[ In the operation of a business, you will probably make certain payments you must report on information returns. The forms used to report these payments must include the payee's identification number. Employee If you have employees, you must get an SSN from each of them. Record the name and SSN of each employee exactly as they are shown on the employee's social security card. If the employee's name is not correct as shown on the card, the employee should request a new card from the SSA. This may occur, for example, if the employee's name has changed due to...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Free Tax Services</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-free-tax-services.html</link><description><![CDATA[ To find out what services are available, get Publication 910, Guide to Free Tax Services (pdf). It contains a list of free tax publications and an index of tax topics. It also describes other free tax information services, including tax education and assistance programs and a list of TeleTax topics. Tax Services Available by: Internet Fax Phone Walk-in Mail CD-ROM for Tax Products CD-ROM for Small Businesses &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Back to IRS Information Sources Other Information Sources Starting a Business and Keeping Records, Table of Contents Printable Version of IRS Publication 583,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Employer Identification Number (EIN)</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-employer-identification-number-ein.html</link><description><![CDATA[ EINs are used to identify the tax accounts of employers, certain sole proprietors, corporations, partnerships, estates, trusts, and other entities. If you don't already have an EIN, you need to get one if you: 1) Have employees, 2) Have a qualified retirement plan, 3) Operate your business as a corporation or partnership, or 4) File returns for: a) Employment taxes, or b) Excise taxes. Applying for an EIN You can get an EIN: Online - Click on the EIN link at www.irs.gov/businesses/small. The EIN is issued immediately once the application infomration is validated. By telephone at 1-800-829-4933 from 7:30...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, How To Get More Information</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-how-to-get-more-information.html</link><description><![CDATA[ This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Internal Revenue Service Contacting your Taxpayer Advocate Small Business Tax Education Program Free Tax Services Comments on IRS Enforcement Actions Small Business Administration Other Federal Agencies Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Starting a Business and Keeping Records: Introduction What New Business Owners Need To Know Forms of Business Identification Numbers Tax Year Accounting Method Business Taxes Information Returns Penalties Business Expenses Recordkeeping How To Get More Information &amp;amp;nbsp; Starting a Business and Keeping Records, Table of Contents...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 908, Bankruptcy Tax Guide</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-908-bankruptcy-tax-guide.html</link><description><![CDATA[ Table of Contents Publication 908 - Introductory Material Introduction Useful Items - You may want to see: Publication 908 - Main Contents Individuals in Chapter 12 or 13 Individuals in Chapter 7 or 11 Responsibilities of the Individual Debtor Election to End Tax Year The Bankruptcy Estate Return Requirements and Payment of Tax Example. Partnerships and Corporations Partnerships Corporations Tax-Free Reorganizations Filing Requirements Personal Holding Company Tax Tax Procedures Determination of Tax Payment of Tax Claim Debt Cancellation Exceptions and Exclusions Exclusions Basis Reduction Tax Attribute Reduction Example How to Get More Information &amp;amp;nbsp; Information courtesy of the Internal...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Services Available by Walk-in</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-services-available-by-walk-in.html</link><description><![CDATA[ Many products and services are available on a walk-in basis. Products. You can walk in to many post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Some IRS offices, libraries, grocery stores, copy centers, city and county governments, credit unions, and office supply stores have a collection of products available to print from a CD-ROM or photocopy from reproducible proofs. Also, some IRS offices and libraries have the Internal Revenue Code, regulations, Internal Revenue Bulletins, and Cumulative Bulletins available for research purposes. Services. You can walk in to your local Taxpayer Assistance Center every...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Depreciation Worksheet</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-depreciation-worksheet.html</link><description><![CDATA[ This worksheet shows the information used in figuring the depreciation allowed on assets used in Henry's business. Henry figures the depreciation using the modified accelerated cost recovery system (MACRS). He also chooses to deduct $24,000 of the cost of the tow truck purchased and placed in service in his trade or business during the year. This is the &amp;quot;section 179 deduction.&amp;quot; He also chooses to deduct the special depreciation allowance for the properties that qualify. The allowance is an additional 30% of the property's cost or other basis (after subtracting the section 179 deduction). Depreciation, the section 179 deduction,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Daily Summary of Cash Receipts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-daily-summary-of-cash-receipts.html</link><description><![CDATA[ This summary is a record of cash sales for the day. It accounts for cash at the end of the day over the amount in the Change and Petty Cash Fund at the beginning of the day. Henry takes the cash sales entry from his cash register tape. If he had no cash register, he would simply total his cash sale slips and any other cash received that day. He carries the total receipts shown in this summary for January 3 ($267.80), including cash sales ($263.60) and sales tax ($4.20), to the Monthly Summary of Cash Receipts. Petty cash...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Information Returns</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-information-returns.html</link><description><![CDATA[ If you make or receive payments in your business, you may have to report them to the IRS on information returns. The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. You must give a copy of each information return you are required to file to the recipient or payer. In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. For more details on information returns and when you have to file...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Bookkeeping System</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-bookkeeping-system.html</link><description><![CDATA[ You must decide whether to use a single- or a double-entry bookkeeping system. The single-entry system of bookkeeping is the simplest to maintain, but it may not be suitable for everyone. You may find the double-entry system better because it has built-in checks and balances to assure accuracy and control. Single-entry A single-entry system is based on the income statement (profit or loss statement). It can be a simple and practical system if you are starting a small business. The system records the flow of income and expenses through the use of: 1) A daily summary of cash receipts,...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Reconciling the Checking Account</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-reconciling-the-checking-account.html</link><description><![CDATA[ When you receive your bank statement, make sure the statement, your checkbook, and your books agree. The statement balance may not agree with the balance in your checkbook and books if the statement: Includes bank charges you did not enter in your books and subtract from your checkbook balance, or Does not include deposits made after the statement date or checks that did not clear your account before the statement date. By reconciling your checking account, you will: Verify how much money you have in the account, Make sure that your checkbook and books reflect all bank charges and...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Excise Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-excise-taxes.html</link><description><![CDATA[ This section describes the excise taxes you may have to pay and the forms you have to file if you do any of the following. Manufacture or sell certain products. Operate certain kinds of businesses. Use various kinds of equipment, facilities, or products. Receive payment for certain services. For more information on excise taxes, see Publication 510. Form 720 The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return (pdf), consist of several broad categories of taxes, including the following. Environmental taxes Communications and air transportation taxes Fuel taxes Tax on the first retail sale of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>The Impact of Bank Consolidation on Small Business Credit Availability</title><link>http://www.smallbusinessnotes.com/small-business-resources/the-impact-of-bank-consolidation-on-small-business-credit-availability.html</link><description><![CDATA[ The banking industry has been undergoing an extensive period of consolidation, accelerated since the federal interstate banking legislation of 1994. As small firms are the source of most job growth, and since the bulk of small business credit is primarily from banks, the effects of institutional change on small business credit is a major economic issue. The importance of small banks to small businesses is shown, for example, by the fact that in 1999 small business loans were 25.5 percent of bank assets for institutions with less than $1 billion in assets. On the other hand, for banks with...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Table 3. Period of Limitations</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-table-3-period-of-limitations.html</link><description><![CDATA[ If you... Then the period is... 1. Owe additional tax and situations (2), (3), and (4), below, do not apply to you 3 years 2. Do not report income that you should report, and it is more than 25% of the gross income shown on the return 6 years 3. File a fraudulent income tax return Not limited 4. Do not file a return Not limited 5. File a claim for credit or refund after you file your return. Later of: 3 years or 2 years after tax was paid 6. File a claim for a loss from worthless...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Employment Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-employment-taxes.html</link><description><![CDATA[ This section briefly discusses the employment taxes you must pay, the forms you must file to report them, and other forms that must be filed when you have employees. Employment taxes include the following: Federal income tax withholding Social security and Medicare taxes Federal Unemployment (FUTA) Tax If you have employees, you will need to get Publication 15, Circular E, Employer's Tax Guide. If you have agricultural employees, get Publication 51, Circular A, Agricultural Employer's Tax Guide. These publications explain your tax responsibilities as an employer. If you are not sure whether the people working for you are your...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Business Checkbook</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-business-checkbook.html</link><description><![CDATA[ One of the first things you should do when you start a business is open a business checking account. You should keep your business account separate from your personal checking account. The business checkbook is your basic source of information for recording your business expenses. You should deposit all daily receipts in your business checking account. You should check your account for errors by reconciling it. Consider using a checkbook that allows enough space to identify the source of deposits as business income, personal funds, or loans. You should also note on the deposit slip the source of the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Other Federal Agencies</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-other-federal-agencies.html</link><description><![CDATA[ Other federal agencies also publish publications and pamphlets to assist small businesses. Most of these are available from the Superintendant of Documents at the Government Printing Office. You can get information and order these publications and pamphlets in several ways. Internet. You can access the GPO website at www.gpoaccess.gov Phone. Call the GPO toll-free at 1-866-512-1800 or at (202) 512-1800 from the local Washington, DC area. Mail. Write to the GPO at the following address. Superintendent of Documents P.O. Box 371954 Pittsburgh, PA 15250-7954 &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; More Information Sources Starting a Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, How Long To Keep Records</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-how-long-to-keep-records.html</link><description><![CDATA[ You must keep your records as long as they may be needed for the administration of any provision of the Internal Revenue Code. Generally, this means you must keep records that support an item of income or deduction on a return until the period of limitations for that return runs out. The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax. Table 3 contains the periods of limitations that apply to income tax returns. Unless otherwise stated, the years refer...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, S Corporations</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-s-corporations.html</link><description><![CDATA[ An eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation. An S corporation generally is exempt from federal income tax other than tax on certain capital gains and passive income. Its shareholders include on their tax returns their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss. More Information For more information on S corporations, see the instructions for Form 2553, Election by a Small Business Corporation (pdf), and Form...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, What If I Don't Have a Canceled Check?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-what-if-i-dont-have-a-canceled-check.html</link><description><![CDATA[ If you do not have a canceled check, you may be able to prove payment with certain financial account statements prepared by financial institutions. These include account statements prepared for the financial institution by a third party. These account statements must be highly legible. The following table lists acceptable account statements. If payment is by... Then the statement must show the.. Check Check number Amount Payee's name Date the check amount was posted to the account by the financial institution Electronic Funds Transfer Amount transferred Payee's name Date the transfer was posted to the account by the financial institution...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Depositing Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-depositing-taxes.html</link><description><![CDATA[ You generally have to deposit employment taxes, certain excise taxes, corporate income tax, and S corporation taxes before you file your return. Electronic Deposit of Taxes Generally, taxpayers whose total deposits of social security and Medicare taxes and withheld income tax during previous years exceeded certain amounts are required to deposit taxes through the Electronic Federal Tax Payment System (EFTPS). Starting in January 2004, any business that has a federal tax obligation and requests a new EIN will automatically be enrolled in EFTPS. Through the mail, the business will receive an EFTPS PIN package that contains instructions for activating...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Check Disbursements Journal</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-check-disbursements-journal.html</link><description><![CDATA[ Henry enters checks drawn on the business checking account in the Check Disbursements Journal each day. All checks are prenumbered and each check number is listed and accounted for in the column provided in the journal. Frequent expenses have their own headings across the sheet. He enters in a separate column expenses that require comparatively numerous or large payments each month, such as materials, gross payroll, and rent. Under the General Accounts column, he enters small expenses that normally have only one or two monthly payments, such as licenses and postage. Henry does not pay personal or nonbusiness expenses...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sole Proprietorships</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sole-proprietorships.html</link><description><![CDATA[ A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest form of business organization to start and maintain. The business has no existence apart from you, the owner. Its liabilities are your personal liabilities and you undertake the risks of the business for all assets owned, whether or not used in the business. You include the income and expenses of the business on your own tax return. More Information For more information on sole proprietorships, see Publication 334, Tax Guide for Small Business. If you are a farmer, see Publication 225, Farmer's...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Table 2. Which Forms Must I File?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-table-2-which-forms-must-i-file.html</link><description><![CDATA[ If you are a... Then you may be liable for... Use form... Sole Proprietor Income Tax 1040 and Schedule C1 or C-EZ (Schedule F1 for farm business) Self-Employment Tax 1040 and Schedule SE Estimated Tax 1040-ES Employment Taxes: Social Security, Medicare, and Income Tax Withholding 941 (943 for farm employees) Federal Unemployment Tax (FUTA) 940 or 940-EZ Depositing Employment Taxes 81092 Excise Taxes See Excise Taxes Partnership Annual Return of Income 1065 Employment Taxes Same as Sole Proprietor Excise Taxes See Excise Taxes Partner in a Partnership (Individual) Income Tax 1040 and Schedule E3 Self-Employment Tax 1040 and Schedule...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Limited Liability Company</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-limited-liability-company.html</link><description><![CDATA[ A limited liability company (LLC) is an entity formed under state law by filing articles of organization as an LLC. None of the members of an LLC are personally liable for its debts. An LLC may be classified for federal income tax purposes as either a partnership, a corporation, or an entity disregarded as an entity separate from its owner by applying the rules in regulations section 301.7701-3. More Information For more information, see the instructions for Form 8832, Entity Classification Election. &amp;amp;nbsp; Sole proprietorships | Partnerships | Corporations | S Corporations &amp;amp;nbsp; Information courtesy of the Internal Revenue...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Depreciation</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-depreciation.html</link><description><![CDATA[ If property you acquire to use in your business has a useful life that extends substantially beyond the year it is placed in service, you generally cannot deduct the entire cost as a business expense in the year you acquire it. You must spread the cost over more than one tax year and deduct part of it each year. This method of deducting the cost of business property is called depreciation. Business property you must depreciate includes the following items. Office furniture Buildings Machinery and equipment You can choose to deduct a limited amount of the cost of certain...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Waiver of Penalty</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-waiver-of-penalty.html</link><description><![CDATA[ These penalties will not apply if you can show that the failures were due to reasonable cause and not willful neglect. In addition, there is no penalty for failure to include all the required information, or for including incorrect information, on a de minimis number of information returns if you correct the errors by August 1 of the year the returns are due. (To be considered de minimis, the number of returns cannot exceed the greater of 10 or 1/2 of 1% of the total number of returns you are required to file for the year.) &amp;amp;nbsp; Information courtesy...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Corporations</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-corporations.html</link><description><![CDATA[ In forming a corporation, prospective shareholders transfer money, property, or both, for the corporation's capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can also take special deductions. The profit of a corporation is taxed to the corporation when earned, and then is taxed to the shareholders when distributed as dividends. However, shareholders cannot deduct any loss of the corporation. More Information For more information on corporations, see Publication 542, Corporations. &amp;amp;nbsp; Sole proprietorships | Partnerships | S Corporations | Limited Liability Companies &amp;amp;nbsp; Information courtesy of the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Forms of Business</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-forms-of-business.html</link><description><![CDATA[ The most common forms of business are the sole proprietorship, partnership, and corporation. When beginning a business, you must decide which form of business to use. Legal and tax considerations enter into this decision. Only tax considerations are discussed in this publication. Your form of business determines which income tax return form you have to file. See Table 2 to find out which form you have to file. More about: Sole proprietorships Partnerships Corporations S Corporations Limited Liability Companies Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Starting a Business and Keeping Records: Introduction What New Business Owners Need...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Services Available by Fax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-services-available-by-fax.html</link><description><![CDATA[ You can get over 100 of the most requested forms and instructions 24 hours a day, 7 days a week, by fax. Just call 703-368-9694 from your fax machine. Follow the directions from the prompts. When you order forms, enter the catalog number for the form you need. The items you request will be faxed to you. For help with transmission problems, call 703-487-4608. Long-distance charges may apply. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; More Free Services More Information Sources Starting a Business and Keeping Records, Table of Contents Printable Version of IRS Publication 583, Starting...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Table 1. What New Business Owners Need To Know About Federal Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-table-1-what-new-business-owners-need-to-know-about-federal-taxes.html</link><description><![CDATA[ What Must I Know? Where To Find the Answer: Which form of business will I use? See Forms of Business Will I need an employer identification number (EIN)? See Identification Numbers Do I have to start my tax year in January? Or may I start it in any other month? See Tax Year What method can I use to account for my income and expenses? See Accounting Method What kinds of federal taxes will I have to pay? How should I pay my taxes? See Business Taxes What must I do if I have employees? See Employment Taxes What...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Recordkeeping</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-recordkeeping.html</link><description><![CDATA[ This part explains why you must keep records, what kinds of records you must keep, and how to keep them. It also explains how long you must keep your records for federal tax purposes. A sample recordkeeping system is illustrated at the end. Why Keep Records? Kinds of Records To Keep Supporting Documents Recording Business Transactions Bookkeeping System How Long To Keep Records Sample Record System Daily Summary of Cash Receipts Monthly Summary of Cash Receipts Check Disbursements Journal Employee Compensation Record Annual Summary Depreciation Worksheet Bank Reconciliation Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Starting a Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Contacting your Taxpayer Advocate</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-contacting-your-taxpayer-advocate.html</link><description><![CDATA[ If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. The Taxpayer Advocate represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. While Taxpayer Advocates cannot change the tax law or make a technical tax decision, they can clear up problems that resulted from previous contacts and ensure that your case is given a complete and impartial review. To contact your Taxpayer Advocate: Call the Taxpayer Advocate at 1-877-777-4778. Call, write, or fax the Taxpayer Advocate office in...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Assets</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-assets.html</link><description><![CDATA[ Assets are the property, such as machinery and furniture, that you own and use in your business. You must keep records to verify certain information about your business assets. You need records to figure the annual depreciation and the gain or loss when you sell the assets. Your records should show the following information. When and how you acquired the asset. Purchase price. Cost of any improvements. Section 179 deduction taken. Deductions taken for depreciation. Deductions taken for casualty losses, such as losses resulting from fires or storms. How you used the asset. When and how you disposed of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Gross Receipts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-gross-receipts.html</link><description><![CDATA[ Gross receipts are the income you receive from your business. You should keep supporting documents that show the amounts and sources of your gross receipts. Documents that show gross receipts include the following. Cash register tapes. Bank deposit slips. Receipt books. Invoices. Credit card charge slips. Forms 1099-MISC. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; More about Supporting Documents Starting a Business and Keeping Records, Table of Contents Printable Version of IRS Publication 583, Starting a Business and Keeping Records IRS Forms and Publications Small Business Taxes Books about Starting a Small Business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Year</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-year.html</link><description><![CDATA[ You must figure your taxable income and file an income tax return based on an annual accounting period called a tax year. A tax year is usually 12 consecutive months. There are two kinds of tax years. 1) Calendar Tax Year. A calendar tax year is a period of 12 consecutive months beginning January 1 and ending December 31. 2) Fiscal Tax Year. A fiscal tax year is a period of 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Hiring Employees</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-hiring-employees.html</link><description><![CDATA[ When hiring employees, have them fill out Form I-9 and Form W-4. If your employees qualify for advance payments of the earned income credit, they also must give you a Form W-5. Form I-9 You must verify that each new employee is legally eligible to work in the United States. Both you and the employee must complete the Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. You can get the form from USCIS offices or from the USCIS web site at uscis.gov. Call the USCIS at 1-800-375-5283 for more information about your responsibilities. Form W-4 Each employee...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Business Use of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-business-use-of-your-home.html</link><description><![CDATA[ To deduct expenses related to the business use of part of your home, you must meet specific requirements. Even then, your deduction may be limited. To qualify to claim expenses for the business use of your home, you must meet the following tests. 1) Your use of the business part of your home must be: a) Exclusive (however, see Exceptions to exclusive use, later), b) Regular, c) For your trade or business, AND 2) The business part of your home must be one of the following: a) Your principal place of business (defined later), b) A place where you...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Comments on IRS Enforcement Actions</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-comments-on-irs-enforcement-actions.html</link><description><![CDATA[ The Small Business and Agriculture Regulatory Enforcement Ombudsman and 10 Regional Fairness Boards were established to receive comments from small business about federal agency enforcement actions. The Ombudsman will annually evaluate the enforcement activities of each agency and rate its responsiveness to small business. If you wish to comment on the enforcement actions of the IRS, you can: Call 1-888-REG-FAIR (1-888-734-3247), Send an e-mail to ombudsman@sba.gov, or Download the appraisal form at www.sba.gov/ombudsman. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Back to IRS Information Sources More Information Sources Starting a Business and Keeping Records, Table of Contents...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Federal Income, Social Security, and Medicare Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-federal-income-social-security-and-medicare-taxes.html</link><description><![CDATA[ You generally must withhold federal income tax from your employee's wages. To figure how much federal income tax to withhold from each wage payment, use the employee's Form W-4 (pdf) and the methods described in Publication 15. Social security and Medicare taxes pay for benefits that workers and their families receive under the Federal Insurance Contributions Act (FICA). Social security tax pays for benefits under the old-age, survivors, and disability insurance part of FICA. Medicare tax pays for benefits under the hospital insurance part. You withhold part of these taxes from your employee's wages and you pay a matching...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, CD-ROM for Tax Products</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-cd-rom-for-tax-products.html</link><description><![CDATA[ You can order IRS Publication 1796, Federal Tax Products on CD-ROM, and obtain: Current tax forms, instructions, and publications. Prior-year tax forms and instructions. Frequently requested tax forms that may be filled in electronically, printed out for submission, and saved for recordkeeping. Internal Revenue Bulletins. Buy the CD-ROM from National Technical Information Service (NTIS) on the Internet at www.irs.gov/cdorders for $22 (no handling fee) or call 1-877- 233-6767 toll-free to buy the CD-ROM for $22 (plus a $5 handling fee). The first release is available in early January and the final release is available in late February. &amp;amp;nbsp; Information...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Index</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-index.html</link><description><![CDATA[ A Accounting Method Assets B Bookkeeping System Business Checkbook Business Expenses Business Start-Up Costs Business Taxes Business Use of Your Home C Car and Truck Expenses CD-ROM for Small Businesses CD-ROM for Tax Products Comments on IRS Enforcement Actions Contacting your Taxpayer Advocate Corporations D Depositing Taxes Depreciation E Employer Identification Number (EIN) Employment Taxes Excise Taxes Expenses F Federal Income, Social Security, and Medicare Taxes Federal Unemployment (FUTA) Tax Forms of Business Free Tax Services G Gross Receipts H Hiring Employees How Long To Keep Records How To Get More Information I Identification Numbers Income Tax Information Returns...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Business Start-Up Costs</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-business-start-up-costs.html</link><description><![CDATA[ Business start-up costs are the expenses you incur before you actually begin business operations. Your business start-up costs will depend on the type of business you are starting. They may include costs for advertising, travel, surveys, and training. These costs are capital expenses. You usually recover costs for a particular asset (such as machinery or office equipment) through depreciation. Other qualifying start-up costs can be recovered through amortization. This means you deduct them in equal amounts over a period of 60 months or more. If you do not choose to amortize these start-up costs, you generally cannot recover them...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Introduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-introduction.html</link><description><![CDATA[ This publication provides basic federal tax information for people who are starting a business. It also provides information on keeping records and illustrates a recordkeeping system. Throughout this publication we refer to other IRS publications and forms where you will find more information. In addition, you may want to contact other government agencies, such as the Small Business Administration (SBA). See How to Get More Information to find out how to get more information. Comments and Suggestions We welcome your comments about this publication and your suggestions for future editions. You can e-mail us at taxform@irs.gov. Please put &amp;quot;Publications...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Record System</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-record-system.html</link><description><![CDATA[ This example illustrates a single-entry system used by Henry M. Brown, who is the sole proprietor of a small automobile body shop. Henry uses part-time help, has no inventory of items held for sale, and uses the cash method of accounting. These sample records should not be viewed as a recommendation of how to keep your records. They are intended only to show how one business keeps its records. Daily Summary of Cash Receipts Monthly Summary of Cash Receipts Check Disbursements Journal Employee Compensation Record Annual Summary Depreciation Worksheet Bank Reconciliation Information courtesy of the Internal Revenue Service. &amp;amp;nbsp;...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Self-Employment Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-self-employment-tax.html</link><description><![CDATA[ Self-employment tax is a social security and Medicare tax primarily for individuals who work for themselves. Your payments of self-employment tax contribute to your coverage under the social security system. Social security coverage provides you with retirement benefits, disability benefits, survivor benefits, and hospital insurance (Medicare) benefits. You must pay self-employment tax and file Schedule SE (Form 1040) if either of the following applies. 1) Your net earnings from self-employment were $400 or more. 2) You had church employee income of $108.28 or more. Use Schedule SE (Form 1040) (pdf) to figure your self-employment tax. You can deduct one-half...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Car and Truck Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-car-and-truck-expenses.html</link><description><![CDATA[ If you use your car or truck in your business, you can deduct the costs of operating and maintaining it. You generally can deduct either your actual expenses or the standard mileage rate. Actual expenses If you deduct actual expenses, you can deduct the cost of the following items: Depreciation Lease payments Registration Garage rent Licenses Repairs Gas Oil Tires Insurance Parking fees Tolls If you use your vehicle for both business and personal purposes, you must divide your expenses between business and personal use. You can divide your expenses based on the miles driven for each purpose. Example...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Recording Business Transactions</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-recording-business-transactions.html</link><description><![CDATA[ A good recordkeeping system includes a summary of your business transactions. Business transactions are ordinarily summarized in books called journals and ledgers. You can buy them at your local stationery or office supply store. A journal is a book where you record each business transaction shown on your supporting documents. You may have to keep separate journals for transactions that occur frequently. A ledger is a book that contains the totals from all of your journals. It is organized into different accounts. Whether you keep journals and ledgers and how you keep them depends on the type of business...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Tax Services Available by Phone</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-tax-services-available-by-phone.html</link><description><![CDATA[ Many services are available by phone. Ordering forms, instructions, and publications. Call 1-800-829-3676 to order current-year forms, instructions, and publications and prior-year forms and instructions. You should receive your order within 10 days. Asking tax questions. Call the IRS with your tax questions at 1-800-829-4933. Solving problems. You can get face-to-face help solving tax problems every business day in IRS Taxpayer Assistance Centers. An employee can explain IRS letters, request adjustments to your account, or help you set up a payment plan. Call your local Taxpayer Assistance Center for an appointment. To find the number, go to www.irs.gov or...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Partnerships</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-partnerships.html</link><description><![CDATA[ A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor, or skill, and expects to share in the profits and losses of the business. A partnership must file an annual information return to report the income, deductions, gains, and losses from its operations, but it does not pay income tax. Instead, it passes through any profits or losses to its partners. Each partner includes his or her share of the partnership's items on his or her tax return. More Information For more information...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Bank Reconciliation</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-bank-reconciliation.html</link><description><![CDATA[ Henry reconciles his checkbook with his bank statement and prepares a bank reconciliation for January as follows. Henry begins by entering his bank statement balance. Henry compares the deposits listed on the bank statement with deposits shown in his checkbook. Two deposits shown in his checkbook - $701.33 and $516.08 - were not on his bank statement. He enters these two amounts on the bank reconciliation. He adds them to the bank statement balance of $1,458.12 to arrive at a subtotal of $2,675.53. After comparing each canceled check with his checkbook, Henry found four outstanding checks totaling $526.50. He...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Internal Revenue Service</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-internal-revenue-service.html</link><description><![CDATA[ You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. By selecting the method that is best for you, you will have quick and easy access to tax help. Contacting your Taxpayer Advocate Small Business Tax Education Program Free Tax Services Internet Fax Phone Walk-in Mail CD-ROM for Tax Products CD-ROM for Small Businesses Comments on IRS Enforcement Actions &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; More Information Sources Starting a Business and Keeping Records, Table of Contents Printable Version of...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Business Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-business-taxes.html</link><description><![CDATA[ The form of business you operate determines what taxes you must pay and how you pay them. The following are the four general kinds of business taxes. Income Tax Self-Employment Tax Employment Taxes Excise Taxes See Table 2 for the forms you file to report these taxes. You may want to get Publication 509. It has tax calendars that tell you when to file returns and make tax payments. Also see Depositing Taxes. Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Starting a Business and Keeping Records: Introduction What New Business Owners Need To Know Forms of Business Identification...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-expenses.html</link><description><![CDATA[ Expenses are the costs you incur (other than purchases) to carry on your business. Your supporting documents should show the amount paid and that the amount was for a business expense. Documents for expenses include the following. Canceled checks. Cash register tapes. Account statements. Credit card sales slips. Invoices. Petty cash slips for small cash payments. A petty cash fund allows you to make small payments without having to write checks for small amounts. Each time you make a payment from this fund, you should make out a petty cash slip and attach it to your receipt as proof...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Annual Summary</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-annual-summary.html</link><description><![CDATA[ This annual summary of monthly cash receipts and expense totals provides the final amounts to enter on Henry's tax return. He figures the cash receipts total from the total of monthly cash receipts shown in the Monthly Summary of Cash Receipts. He figures the expense totals from the totals of monthly expense items shown in the Check Disbursements Journal. As in the journal, he keeps each major expense in a separate column. Henry carries the cash receipts total shown in the annual summary ($47,440.95) to Part I of Schedule C (pdf). He carries the total for materials ($10,001.00) to...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Business Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-business-expenses.html</link><description><![CDATA[ You can deduct business expenses on your income tax return. These are the current operating costs of running your business. To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business, trade, or profession. A necessary expense is one that is helpful and appropriate for your business, trade, or profession. An expense does not have to be indispensable to be considered necessary. The following are brief explanations of some expenses that are of interest to people starting a business. There are many other...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Sample Monthly Summary of Cash Receipts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-sample-monthly-summary-of-cash-receipts.html</link><description><![CDATA[ This shows the income activity for the month. Henry carries the total monthly net sales shown in this summary for January ($4,865.05) to his Annual Summary. To figure total monthly net sales, Henry reduces the total monthly receipts by the sales tax imposed on his customers and turned over to the state. He cannot take a deduction for sales tax turned over to the state because he only collected the tax. He does not include the tax in his income. Year 20-- &amp;amp;nbsp;&amp;amp;nbsp; Month January Day Net Sales Sales Tax Daily Receipts Deposit 3 263.60 4.20 267.80 &amp;amp;nbsp; 4...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Identification Numbers</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-identification-numbers.html</link><description><![CDATA[ You must have a taxpayer identification number so the IRS can process your returns. The two most common kinds of taxpayer identification numbers are the social security number (SSN) and the employer identification number (EIN). A SSN is issued to individuals by the Social Security Administration (SSA) and is in the following format: 000-00-0000. An EIN is issued to individuals (sole proprietors), partnerships, corporations, and other entities by the IRS and is in the following format: 00-0000000. You must include your taxpayer identification number (SSN or EIN) on all returns and other documents you send to the IRS. You...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Federal Unemployment (FUTA) Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-federal-unemployment-futa-tax.html</link><description><![CDATA[ The federal unemployment tax is part of the federal and state program under the Federal Unemployment Tax Act (FUTA) that pays unemployment compensation to workers who lose their jobs. You report and pay FUTA tax separately from social security and Medicare taxes and withheld income tax. You pay FUTA tax only from your own funds. Employees do not pay this tax or have it withheld from their pay. Which form do I file? Report federal unemployment tax on Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return (pdf). Or, if you qualify, you can use the simpler Form 940-EZ...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Why Keep Records?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-why-keep-records.html</link><description><![CDATA[ Everyone in business must keep records. Good records will help you do the following. Monitor the progress of your business You need good records to monitor the progress of your business. Records can show whether your business is improving, which items are selling, or what changes you need to make. Good records can increase the likelihood of business success. Prepare your financial statements You need good records to prepare accurate financial statements. These include income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors. An income statement shows the...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 583, Penalties</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-penalties.html</link><description><![CDATA[ The law provides penalties for not filing returns or paying taxes as required. Criminal penalties may be imposed for willful failure to file, tax evasion, or making a false statement. Failure to file tax returns If you do not file your tax return by the due date, you may have to pay a penalty. The penalty is based on the tax not paid by the due date. See your tax return instructions for more information about this penalty. Failure to pay tax If you do not pay your taxes by the due date, you will have to pay a...]]></description><pubDate>November  1, 2010  5:14 PM</pubDate></item><item><title>IRS Publication 587, Where To Deduct</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-where-to-deduct.html</link><description><![CDATA[ Deduct expenses for the business use of your home on Form 1040. Where you deduct these expenses on the form depends on whether you are: A self-employed person, or An employee. If you are a partner, see Partners for information on where to deduct expenses for the business use of your home. Self-Employed Persons Employees Partners &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Schedule C, Line 28</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-schedule-c-line-28.html</link><description><![CDATA[ On line 28, he totals all his expenses other than those for the business use of his home, and then subtracts that total from his gross income. He uses the result on line 29 to figure the deduction limit on his expenses for the business use of his home. He enters that amount on line 8 of Form 8829 and then completes the form. He enters the amount of his home office deduction from line 34, Form 8829, on line 30 of Schedule C. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Figuring the Depreciation Deduction for the Current Year</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-figuring-the-depreciation-deduction-for-the-current-year.html</link><description><![CDATA[ If you began using your home for business before 2003, continue to use the same depreciation method you used in past tax years. If you began using your home for business in 2003, depreciate the business part as nonresidential real property under the modified accelerated cost recovery system (MACRS). Under MACRS, nonresidential real property is depreciated using the straight line method over 39 years. For more information on MACRS and other methods of depreciation, see Publication 946 (pdf). To figure the depreciation deduction, you must first figure the part of the cost of your home that can be depreciated...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 4562, Part III, line 19i</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-4562-part-iii-line-19i.html</link><description><![CDATA[ This is the first year John used his home for business, so he must figure the depreciation on line 19i. On line 19i, column (c), he enters $11,000, the depreciable basis of the business part of his home. He began using his home for business in January. (For a discussion on how he figures his depreciation deduction, see Step 3 under Form 8829, Part II.) He enters $271 in column (g). &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Depreciating Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-depreciating-your-home.html</link><description><![CDATA[ If you own your home and qualify to deduct expenses for its business use, you can claim a deduction for depreciation. Depreciation is an allowance for the wear and tear on the part of your home used for business. You cannot depreciate the cost or value of the land. You recover its cost when you sell or otherwise dispose of the property. Before you figure your depreciation deduction, you need to know the following information. The month and year you started using your home for business. The adjusted basis and fair market value of your home (excluding land) at...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Useful Items</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-useful-items.html</link><description><![CDATA[ You may want to see: Publication 523 Selling Your Home (pdf) 551 Basis of Assets (pdf) 583 Starting a Business and Keeping Records 946 How To Depreciate Property (pdf) Forms (and Instructions) Schedule C (Form 1040) Profit or Loss from Business (pdf) 2106 Employee Business Expenses (pdf) 2106-EZ Unreimbursed Employee Business Expenses (pdf) 4562 Depreciation and Amortization (pdf) 8829 Expenses for Business Use of Your Home (pdf) See How To Get Tax Help for more information about getting publications and forms. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Business Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-business-use.html</link><description><![CDATA[ To qualify under the trade-or-business-use-test, you must use part of your home in connection with a trade or business. If you use your home for a profit-seeking activity that is not a trade or business, you cannot take a deduction for its business use. Example. You use part of your home exclusively and regularly to read financial periodicals and reports, clip bond coupons, and carry out similar activities related to your own investments. You do not make investments as a broker or dealer. So, your activities are not part of a trade or business and you cannot take a...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 4562, Part I, lines 1-13</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-4562-part-i-lines-1-13.html</link><description><![CDATA[ John began using his home for business in January of this year. He purchased a new computer and filing cabinet to use in his business. The computer, used 100% for business, cost $3,200. The filing cabinet cost $600. John elects to take the section 179 deduction for both items. John completes Part I of Form 4562. He enters the cost of both the computer and filing cabinet, $3,800, on line 2 and completes lines 4 and 5. On line 6, he enters a description of each item, its cost, and the cost he elects to expense. Line 11 is...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Regular Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-regular-use.html</link><description><![CDATA[ To qualify under the regular use test, you must use a specific area of your home for business on a continuing basis. You do not meet the test if your business use of the area is only occasional or incidental, even if you do not use that area for any other purpose. &amp;amp;nbsp; Qualifying for a Deduction Exclusive Use Regular Use Trade or Business Use Principal Place of Business Place To Meet Patients, Clients, or Customers Separate Structure &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Examples of Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-examples-of-expenses.html</link><description><![CDATA[ Certain expenses are deductible whether or not you use your home for business. If you qualify to claim business use of the home expenses, use the business percentage of these expenses to figure your total business use of the home deduction. These expenses include the following. Real estate taxes. Deductible mortgage interest. Casualty losses. Other expenses are deductible only if you use your home for business. You can use the business percentage of these expenses to figure your total business use of the home deduction. These expenses generally include (but are not limited to) the following. Depreciation (covered under...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Figuring the Deduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-figuring-the-deduction.html</link><description><![CDATA[ After you determine that you meet the tests under Qualifying for a Deduction, you can begin to figure how much you can deduct. You will need to figure the percentage of your home used for business and the limit on the deduction. Business Percentage Part-Year Use Deduction Limit &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Worksheet to Figure the Deductions for Business Use of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-worksheet-to-figure-the-deductions-for-business-use-of-your-home.html</link><description><![CDATA[ Use this worksheet if you file Schedule F (Form 1040) or you are an employee or a partner. Part 1 - Part of Your Home Used for Business: 1) Area of home used for business &amp;amp;nbsp; 2) Total area of home &amp;amp;nbsp; 3) Percentage of home used for business (divide line 1 by line 2 and show result as percentage) % Part 2 - Figure Your Allowable Deduction 4) Gross income from business (see instructions) &amp;amp;nbsp; &amp;amp;nbsp; (a) Direct Expenses (b) Indirect Expenses &amp;amp;nbsp; 5) Casualty losses &amp;amp;nbsp; &amp;amp;nbsp; 6) Deductible mortgage interest &amp;amp;nbsp; &amp;amp;nbsp; 7) Real estate taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Important Changes for 2004</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-important-changes-for-2004.html</link><description><![CDATA[ Standard mileage rate for 2004. The standard mileage rate for the cost of operating your car, van, pickup, or panel truck for 2004 is 37.5 cents a mile for all business miles. Standard mileage rate available for small fleets. Beginning in 2004, the business standard mileage rate may be used for as many as four vehicles that you own or lease and use simultaneously. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Self-Employed Persons</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-self-employed-persons.html</link><description><![CDATA[ If you are self-employed and file Schedule C (Form 1040), complete and attach Form 8829 to your return. If you file Schedule F (Form 1040), report your entire deduction for business use of the home (line 32 of the worksheet), up to the deduction limit discussed under Figuring the Deduction, on line 34 of Schedule F. Write &amp;quot;Business Use of Home&amp;quot; on the dotted line beside the entry. Deductible mortgage interest. If you file Schedule C (Form 1040), enter all your deductible mortgage interest on line 10 of Form 8829. After you have figured the business part of the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Tax Forms Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-tax-forms-example.html</link><description><![CDATA[ The filled-in forms for John Stephens that follow show how to report deductions for the business use of your home if you file Schedule C (Form 1040). Form 4562 Based on the following facts, John completes Form 4562 as follows: Part I, lines 1-13. Part III, line 19c. Part III, line 19i. Part IV, line 22. Schedule C John completes Schedule C as follows: Line 13. Line 16b. Line 25. Lines 28-30. Form 8829 Part I John uses one room of his home exclusively and regularly to meet clients. In Part I of Form 8829 he shows that, based...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 8829, Part II, Step 2</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-8829-part-ii-step-2.html</link><description><![CDATA[ Next, he figures his deduction for operating expenses. He paid $300 to have his office repainted. He enters this amount on line 18, column (a) because it is a direct expense. All his other expenses ($400 homeowner's insurance, $1,400 roof repairs, and $1,800 gas and electric) relate to his entire home. Therefore, he enters them in column (b) on the appropriate lines. He adds the $300 direct expenses (line 21, column (a)) to the $360 total for indirect expenses (line 22) and enters the total, $660, on line 24. This amount is less than his deduction limit, so he...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Part 1 - Part of Your Home Used for Business</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-part-1-part-of-your-home-used-for-business.html</link><description><![CDATA[ Lines 1-3 If you figure the percentage based on area, use lines 1 through 3 to figure the business-use percentage. Enter the percentage on line 3. You can use any other reasonable method that accurately reflects your business-use percentage. If you operate a daycare facility and you meet the exception to the exclusive use test for part or all of the area you use for business, you must figure the business-use percentage for that area as explained under Daycare Facility. If you use another method to figure your business percentage, skip lines 1 and 2 and enter the percentage...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Schedule C, Line 25</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-schedule-c-line-25.html</link><description><![CDATA[ John had a separate telephone line in his home office that he used only for business. He can deduct $347 for the line. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part IV, line 22 Schedule C Example Schedule C, Line 13 Schedule C, Line 16b Schedule C, Line 25 Schedule C, Lines 28-30 Form 8829 Example Form 8829, Part II, Step 1 Form 8829, Part II, Step 2 Form 8829, Part II, Step 3 Form 8829, Part II, Step...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Listed Property</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-listed-property.html</link><description><![CDATA[ If you use certain types of property, called listed property, in your home, special rules apply. Listed property includes computers and related equipment and any property of a type generally used for entertainment, recreation, and amusement (including photographic, phonographic, communication, and video recording equipment). Exception for certain use of computers. Computers and related equipment used exclusively in a qualifying office in your home are not listed property. If you qualify to deduct expenses for the business use of your home (see Qualifying for a Deduction) and you use your computer exclusively in your qualifying office in the home, do...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Important Reminder</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-important-reminder.html</link><description><![CDATA[ Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 8829, Part II, Step 1</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-8829-part-ii-step-1.html</link><description><![CDATA[ First, he figures the business part of expenses that would be deductible even if he did not use part of his home for business. These expenses ($4,500 deductible mortgage interest and $1,000 real estate taxes) relate to his entire home, so he enters them in column (b) on lines 10 and 11. He then subtracts the $550 business part of these expenses (line 14) from his tentative business profit (line 8). The result, $25,002 on line 15, is the most he can deduct for his other home office expenses. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Exclusive Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-exclusive-use.html</link><description><![CDATA[ To qualify under the exclusive use test, you must use a specific area of your home only for your trade or business. The area used for business can be a room or other separately identifiable space. The space does not need to be marked off by a permanent partition. You do not meet the requirements of the exclusive use test if you use the area in question both for business and for personal purposes. Example. You are an attorney and use a den in your home to write legal briefs and prepare clients' tax returns. Your family also uses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Partners</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-partners.html</link><description><![CDATA[ You may be allowed to deduct unreimbursed ordinary and necessary expenses you paid on behalf of the partnership (including qualified expenses for the business use of your home) if you were required to pay these expenses under the partnership agreement. Use the worksheet on page 24 to figure the deduction for the business use of your home. Deducting unreimbursed partnership expenses. See the following forms and related instructions for information about deducting unreimbursed partnership expenses. Schedule E (Form 1040), Supplemental Income and Loss Schedule SE (Form 1040), Self-Employment Tax Schedule K-1 (Form 1065), Partner's Share of Income, Credits, Deductions,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Part 2 - Figure Your Allowable Deduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-part-2-figure-your-allowable-deduction.html</link><description><![CDATA[ Line 4. If you file Schedule F, enter your total gross income that is related to the business use of your home. This generally would be the amount on line 11 of Schedule F. If you are an employee, enter your total wages that are related to the business use of your home. Lines 5-7. Enter only the amounts that would be deductible whether or not you used your home for business. In other words, enter only the amounts that would be allowable as itemized deductions on Schedule A (Form 1040). Include only the part of a casualty loss...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 4562, Part III, line 19c</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-4562-part-iii-line-19c.html</link><description><![CDATA[ John converted to business use a desk and chair (furniture) he had purchased in 1996 for personal purposes. In 1996, he paid $1,500 for them. The total fair market value in 2003 is $550. The fair market value is less than the cost, so his depreciable basis is $550. Because the furniture is 7-year property under MACRS, John enters $550 in Part III, line 19c, column (c). He completes columns (d) through (f). He uses the MACRS Percentage Table for 5- and 7-Year Property Using Half-Year Convention or Table A-1 in Publication 946 (pdf) to find the rate of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Exhibit A, Family Daycare Provider Meal and Snack Log</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-exhibit-a-family-daycare-provider-meal-and-snack-log.html</link><description><![CDATA[ Name of Provider _______________________________ TIN/SSN _________________ Week of _____________________________ Keep For Your Records Child's Name Monday Tuesday Wednesday Thursday Friday Saturday Sunday Totals &amp;amp;nbsp; Hours of attendance: _____ □ Bkfst □ Snack □ Lunch □ Snack □ Dinner □ Snack Hours of attendance: _____ □ Bkfst □ Snack □ Lunch □ Snack □ Dinner □ Snack Hours of attendance: _____ □ Bkfst □ Snack □ Lunch □ Snack □ Dinner □ Snack Hours of attendance: _____ □ Bkfst □ Snack □ Lunch □ Snack □ Dinner □ Snack Hours of attendance: _____ □ Bkfst □ Snack □ Lunch □...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Qualifying for a Deduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-qualifying-for-a-deduction.html</link><description><![CDATA[ To deduct expenses related to the business use of part of your home, you must meet specific requirements. Even then, your deduction may be limited. Use this section and Figure A, to decide if you can deduct expenses for the business use of your home. To qualify to claim expenses for business use of your home, you must meet both the following tests. Your use of the business part of your home must be: Exclusive (however, see Exceptions to Exclusive Use), Regular, For your trade or business, and The business part of your home must be one of the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Adjusting for Depreciation Deducted in Earlier Years</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-adjusting-for-depreciation-deducted-in-earlier-years.html</link><description><![CDATA[ Decrease the basis of your property by the depreciation you deducted, or could have deducted, on your tax returns under the method of depreciation you properly selected. If you took less depreciation than you could have under the method you selected, decrease the basis by the amount you could have taken under that method. If you did not take a depreciation deduction, decrease the basis by the amount you could have deducted. If you deducted more depreciation than you should have, decrease your basis by the amount you should have deducted, plus the part of the excess depreciation you...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 8829 Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-8829-example.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Standard Meal and Snack Rates</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-standard-meal-and-snack-rates.html</link><description><![CDATA[ If you qualify as a family daycare provider, you can use the standard meal and snack rates, instead of actual costs, to compute the deductible cost of meals and snacks provided to eligible children. For these purposes: A family daycare provider is a person engaged in the business of providing family daycare. Family daycare is childcare provided to eligible children in the home of the family daycare provider. The care must be non-medical, not involve a transfer of legal custody, and generally last less than 24 hours each day. Eligible children are minor children receiving family daycare in the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Part 3 - Depreciation of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-part-3-depreciation-of-your-home.html</link><description><![CDATA[ Figure your depreciation deduction on lines 33 through 38. On line 33, enter the smaller of the adjusted basis or the fair market value of the property at the time you first used it for business. Do not adjust this amount for changes in basis or value after that date. Allocate the basis between the land and the building on lines 34 and 35. You cannot depreciate any part of the land. On line 37, enter the correct percentage for the current year from the tables in Publication 946. Multiply this percentage by the business basis to get the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Part 4 - Carryover of Unallowed Expenses to Next Year</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-part-4-carryover-of-unallowed-expenses-to-next-year.html</link><description><![CDATA[ Complete these lines to figure the expenses that must be carried forward to next year. &amp;amp;nbsp; Worksheet to Figure the Deductions for Business Use of Your Home Instructions for the Worksheet Part 1 - Part of Your Home Used for Business Part 2 - Figure Your Allowable Deduction Part 3 - Depreciation of Your Home Part 4 - Carryover of Unallowed Expenses to Next Year &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Place To Meet Patients, Clients, or Customers</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-place-to-meet-patients-clients-or-customers.html</link><description><![CDATA[ If you meet or deal with patients, clients, or customers in your home in the normal course of your business, even though you also carry on business at another location, you can deduct your expenses for the part of your home used exclusively and regularly for business if you meet both the following tests. You physically meet with patients, clients, or customers on your premises. Their use of your home is substantial and integral to the conduct of your business. Doctors, dentists, attorneys, and other professionals who maintain offices in their homes generally will meet this requirement. Using your...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Business Percentage</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-business-percentage.html</link><description><![CDATA[ To find the business percentage, compare the size of the part of your home that you use for business to your whole house. Use the resulting percentage to figure the business part of the expenses for operating your entire home. You can use any reasonable method to determine the business percentage. The following are two commonly used methods for figuring the percentage. Divide the area (length multiplied by the width) used for business by the total area of your home. If the rooms in your home are all about the same size, you can divide the number of rooms...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Important Changes for 2003</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-important-changes-for-2003.html</link><description><![CDATA[ Family daycare providers may choose to use standard meal and snack rates. If you meet the requirements of a family daycare provider, you may choose to use the standard meal and snack rates to compute the deductible cost of food for eligible children cared for in your home. See Standard meal and snack rates, under Daycare Facility, later, to determine if you qualify for this option. Standard mileage rates for 2003. The standard mileage rate for the cost of operating your car, van, pickup, or panel truck for 2003 is 36 cents a mile. Addition of 50% special depreciation...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Permanent Improvements</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-permanent-improvements.html</link><description><![CDATA[ A permanent improvement increases the value of property, adds to its life, or gives it a new or different use. Examples of improvements are replacing electric wiring or plumbing, adding a new roof or addition, paneling, or remodeling. You must carefully distinguish between repairs and improvements. See Repairs in Examples of Expenses. You also must keep accurate records of these expenses. These records will help you decide whether an expense is a deductible or capital (added to the basis) expense. However, if you make repairs as part of an extensive remodeling or restoration of your home, the entire job...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 8829, Part II, Step 3</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-8829-part-ii-step-3.html</link><description><![CDATA[ Next, he figures his allowable depreciation deduction for the business use of his home in Part III of Form 8829. The adjusted basis of his home is $130,000, which is less than the fair market value of $160,000. He figures the value of the land to be $20,000. He subtracts the land value from the adjusted basis. He multiplies the result ($110,000) by the percentage on line 7 to get the depreciable basis of the business part of his home ($11,000). He began using the office in January of this year, so he uses the MACRS Percentage Table for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Employees</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-employees.html</link><description><![CDATA[ As an employee, you must itemize deductions on Schedule A (Form 1040) to claim expenses for the business use of your home and any other employee business expenses. This generally applies to all employees, including outside salespersons. If you are a statutory employee, use Schedule C (Form 1040) to claim the expenses. Follow the instructions given earlier under Self-Employed Persons. The &amp;quot;statutory employee&amp;quot; box within box 13 on your Form W-2 will be checked if you are a statutory employee. If you have employee expenses for which you were not reimbursed, report them on line 20 of Schedule A....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Schedule C, Line 13</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-schedule-c-line-13.html</link><description><![CDATA[ As discussed previously, John enters the amount from Form 4562 for his section 179 deduction ($3,800) and the depreciation deduction for his office furniture ($79) for a total of $3,879. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part IV, line 22 Schedule C Example Schedule C, Line 13 Schedule C, Line 16b Schedule C, Line 25 Schedule C, Lines 28-30 Form 8829 Example Form 8829, Part II, Step 1 Form 8829, Part II, Step 2 Form 8829, Part II,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Types of Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-types-of-expenses.html</link><description><![CDATA[ The part of a home operating expense you can use to figure your deduction depends on both of the following. Whether the expense is direct, indirect, or unrelated. The percentage of your home used for business. The following table describes the types of expenses you may have and the extent to which they are deductible. Expense Description Deductibility Direct Expenses only for the business part of your home. Examples: Painting or repairs only in the area used for business. Deductible in full.* Exception: May be only partially deductible in a daycare facility. See Daycare Facility. Indirect Expenses for keeping...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Recordkeeping</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-recordkeeping.html</link><description><![CDATA[ You do not have to use a particular method of recordkeeping, but you must keep records that provide the information needed to figure your deductions for the business use of your home. You should keep canceled checks, receipts, and other evidence of expenses you paid. Your records must show the following information. The part of your home you use for business. That you use part of your home exclusively and regularly for business as either your principal place of business or as the place where you meet or deal with clients or customers in the normal course of your...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 4562 Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-4562-example.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Principal Place of Business</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-principal-place-of-business.html</link><description><![CDATA[ You can have more than one business location, including your home, for a single trade or business. To qualify to deduct the expenses for the business use of your home under the principal place of business test, your home must be your principal place of business for that trade or business. To determine your principal place of business, you must consider all the facts and circumstances. Your home office will qualify as your principal place of business for deducting expenses for its use if you meet the following requirements. You use it exclusively and regularly for administrative or management...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Business Furniture and Equipment</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-business-furniture-and-equipment.html</link><description><![CDATA[ This section discusses the depreciation and section 179 deductions you may be entitled to take for furniture and equipment you use in your home for business or work as an employee. These deductions are available whether or not you qualify to deduct expenses for the business use of your home. This section explains the different rules for each of the following. Listed Property Property Bought for Business Use Personal Property Converted to Business Use &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Daycare Facility</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-daycare-facility.html</link><description><![CDATA[ If you use space in your home on a regular basis for providing daycare, you may be able to deduct the business expenses for that part of your home even though you use the same space for nonbusiness purposes. To qualify for this exception to the exclusive use rule, you must meet both the following requirements. You must be in the trade or business of providing daycare for children, persons age 65 or older, or persons who are physically or mentally unable to care for themselves. You must have applied for, been granted, or be exempt from having a...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Instructions for the Worksheet</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-instructions-for-the-worksheet.html</link><description><![CDATA[ If you are an employee or a partner, or you file Schedule F (Form 1040), Profit or Loss From Farming, use the worksheet to figure your deduction for the business use of your home. The following instructions explain how to complete each part. Partners See &amp;quot;Partners,&amp;quot; under Where to Deduct, before completing the worksheet. If you file Schedule C (Form 1040), use Form 8829 to figure the deductions and attach the form to your return. Part 1 - Part of Your Home Used for Business Part 2 - Figure Your Allowable Deduction Part 3 - Depreciation of Your Home...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Part-Year Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-part-year-use.html</link><description><![CDATA[ You cannot deduct expenses for the business use of your home incurred during any part of the year you did not use your home for business purposes. For example, if you begin using part of your home for business on July 1, and you meet all the tests from that date until the end of the year, consider only your expenses for the last half of the year in figuring your allowable deduction. &amp;amp;nbsp; Figuring the Deduction Business Percentage Part-Year Use Deduction Limit &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Schedule C, Line 16b</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-schedule-c-line-16b.html</link><description><![CDATA[ This amount is the interest on installment payments for the business assets John uses in his home office. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part IV, line 22 Schedule C Example Schedule C, Line 13 Schedule C, Line 16b Schedule C, Line 25 Schedule C, Lines 28-30 Form 8829 Example Form 8829, Part II, Step 1 Form 8829, Part II, Step 2 Form 8829, Part II, Step 3 Form 8829, Part II, Step 4 &amp;amp;nbsp; Information courtesy of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Figure B - Part I of Form 8829</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-figure-b-part-i-of-form-8829.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Index</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-index.html</link><description><![CDATA[ A Adjusted Basis Defined Adjusting for Depreciation Deducted in Earlier Years Administrative or Management Activities Assistance B Business Furniture and Equipment Business Percentage Business Use of Your Home C Carryover of Unallowed Expenses Casualty Losses Changes for 2003 Changes for 2004 Comments and Suggestions D Daycare Facility Deduction Limit Deducting Expenses Depreciating Your Home Depreciation Table E Employees Examples of Expenses Exclusive Use F Fair Market Value Family Daycare Provider Meal and Snack Log Figuring the Deduction Figuring the Depreciation Deduction for the Current Year Form 4562 Example Form 8829 Example I Insurance L Listed Property M Meals More...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Property Bought for Business Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-property-bought-for-business-use.html</link><description><![CDATA[ If you bought certain property during 2003 to use in your business, you can do any one of the following (subject to the limits discussed later). Elect a section 179 deduction for the full cost of the property. Depreciate the full cost of the property. Take part of the cost as a section 179 deduction and depreciate the balance. Section 179 Deduction You can claim the section 179 deduction for the cost of depreciable tangible personal property bought for use in your trade or business. You can choose how much (subject to the limit) of the cost you want...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Return Requirements and Payment of Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-return-requirements-and-payment-of-tax.html</link><description><![CDATA[ The trustee (or debtor-in-possession) must file an income tax return on Form 1041, U.S. Income Tax Return for Estates and Trusts if the estate has gross income that meets or exceeds the amount required for filing. This amount is the total of the personal exemption amount and the basic standard deduction for a married individual filing separately. See the Form 1041 instructions for the current year's amount. If a return is required, the trustee (or debtor-in-possession) completes the identification area at the top of the Form 1041 and lines 23 - 29 and signs and dates it. Form 1041...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Separate Structure</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-separate-structure.html</link><description><![CDATA[ You can deduct expenses for a separate free-standing structure, such as a studio, garage, or barn, if you use it exclusively and regularly for your business. The structure does not have to be your principal place of business or a place where you meet patients, clients, or customers. Example. John Berry operates a floral shop in town. He grows the plants for his shop in a greenhouse behind his home. He uses the greenhouse exclusively and regularly in his business, so he can deduct the expenses for its use, subject to the deduction limit. &amp;amp;nbsp; Qualifying for a Deduction...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Individuals in Chapter 12 or 13</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-individuals-in-chapter-12-or-13.html</link><description><![CDATA[ A separate estate, for tax purposes, is not created for an individual who files a petition under Chapter 12 or 13 of the Bankruptcy Code. You, the individual, should continue to file the same federal income tax return that was filed prior to the bankruptcy petition. On your return, report all income received during the entire year and deduct all allowable expenses. Do not include any debt canceled (because of bankruptcy) in income on your return. However, you must reduce (to the extent that you have) certain losses, credits or basis in property by the amount of canceled debt....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Responsibilities of the Individual Debtor</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-responsibilities-of-the-individual-debtor.html</link><description><![CDATA[ You, as the individual debtor, generally must file income tax returns during the period of the bankruptcy proceedings. Do not include on your return, the income, deductions, or credits belonging to the separate bankruptcy estate. Also do not include as income on your return, the debts canceled because of bankruptcy. However, the bankruptcy estate must reduce certain losses, credits, and the basis in property (to the extent of these items) by the amount of canceled debt. See Debt Cancellation. You have the option of ending your tax year on the day before you filed your bankruptcy petition. This allows...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Election to End Tax Year</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-election-to-end-tax-year.html</link><description><![CDATA[ If you are an individual debtor and have assets (other than those you exempt from the bankruptcy estate), you may choose to end your tax year on the day before the filing of your bankruptcy case. Then your tax year is divided into 2 &amp;quot;short&amp;quot; tax years of fewer than 12 months each. The first year ends on the day before the filing date, and the second year begins with the filing date and ends on the date your tax year normally ends. Once you make this choice, you may not change it. Any income tax liability for the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Deduction Limit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-deduction-limit.html</link><description><![CDATA[ If your gross income from the business use of your home equals or exceeds your total business expenses (including depreciation), you can deduct all your business expenses related to the use of your home. If your gross income from the business use of your home is less than your total business expenses, your deduction for certain expenses for the business use of your home is limited. Your deduction of otherwise nondeductible expenses, such as insurance, utilities, and depreciation (with depreciation taken last), that are allocable to the business, is limited to the gross income from the business use of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Sale or Exchange of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-sale-or-exchange-of-your-home.html</link><description><![CDATA[ If you sell or exchange your home, you may be able to exclude up to $250,000 ($500,000 for certain married persons filing a joint return) of the gain on the sale or exchange if you meet the ownership and use tests. Ownership and use tests. To claim the exclusion, you must meet the ownership and use tests. This means that during the 5-year period ending on the date of the sale, you met both the following tests. You owned the home for at least 2 years (ownership test). You lived in the home as your main home for at...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Payment of Tax Claim</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-payment-of-tax-claim.html</link><description><![CDATA[ After the filing of a bankruptcy petition and during the period the debtor's assets or those of the bankruptcy estate are under the jurisdiction of the bankruptcy court, these assets are not subject to levy. The Internal Revenue Service may file a proof of claim in the bankruptcy court the same way as other creditors. This claim may be presented to the bankruptcy court even though the taxes have not yet been assessed or are subject to a Tax Court proceeding. Eighth priority taxes. In bankruptcy, the debtor's debts are assigned priorities for payment. Most of the prepetition tax...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, How to Get More Information</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-how-to-get-more-information.html</link><description><![CDATA[ You can get help from the IRS in several ways. Free publications and forms. To order free publications and forms, call 1-800-TAX-FORM (1-800-829-3676). You can also write to the IRS Forms Distribution Center nearest you. Check your income tax package for the address. Your local library or post office also may have the items you need. For a list of free tax publications, order Publication 910, Guide to Free Tax services. It also contains an index of tax topics and related publications and describes other free tax information services available from IRS, including tax education and assistance programs. If...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Schedule A</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-schedule-a.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Exclusions</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-exclusions.html</link><description><![CDATA[ Do not include a canceled debt in gross income if any of the following situations apply: The cancellation takes place in a bankruptcy case under the U.S. Bankruptcy Code. See Bankruptcy case exclusion, later. The cancellation takes place when you are insolvent (see Insolvency exclusion, later), and the amount excluded is not more than the amount by which you are insolvent. The canceled debt is qualified farm debt (debt incurred in operating a farm). See chapter 4 of Publication 225, Farmer's Tax Guide. The canceled debt is qualified real property business indebtedness (certain debt connected with business real property)....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 982, Page 2</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-982-page-2.html</link><description><![CDATA[ Sample Form 982, Page 1 Return to Bankruptcy Tax Guide Example Return to Tax Attribute Reduction Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 2119</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-2119.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 4562, Part III, line 22</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-4562-part-iii-line-22.html</link><description><![CDATA[ John totals the amounts on line 12 and line 19 in column (g) and enters the total on line 22. He enters both the section 179 deduction ($3,800) and the depreciation on the furniture ($79) on line 13 of Schedule C. He enters the depreciation on his home ($271) on Form 8829, line 28. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part IV, line 22 Schedule C Example Schedule C, Line 13 Schedule C, Line 16b Schedule C, Line...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 4562</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-4562.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 1041</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-1041.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Useful Items - You may want to see</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-useful-items-you-may-want-to-see.html</link><description><![CDATA[ Publication 536 Net Operating Losses 538 Accounting Periods and Methods 544 Sales and Other Dispositions of Assets 551 Basis of Assets Form (and Instructions) SS-4 Application for Employer Identification Number 982 Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment) (pdf) 1041 U.S. Income Tax Return for Estates and Trusts (pdf) 1041-ES Estimated Income Tax for Fiduciaries (pdf) See How To Get More Information, for more information about getting these publications and forms. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 4797, Page 2</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-4797-page-2.html</link><description><![CDATA[ Sample Form 4797, Page 1 Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Schedule E</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-schedule-e.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 1040, Page 1</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-1040-page-1.html</link><description><![CDATA[ Sample Form 1040, Page 2 Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Personal Property Converted to Business Use</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-personal-property-converted-to-business-use.html</link><description><![CDATA[ If you use property in your home office that was used previously for personal purposes, you cannot take a section 179 deduction for the property. You can depreciate it, however. The method of depreciation you use depends on when you first used the property for personal purposes. If you began using the property for personal purposes after 1986 and change it to business use in 2003, depreciate the property under MACRS. The basis for depreciation of property changed from personal to business use is the lesser of the following. The adjusted basis of the property on the date of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Introduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-introduction.html</link><description><![CDATA[ The purpose of this publication is to provide information on figuring and claiming the deduction for business use of your home. The term home includes a house, apartment, condominium, mobile home, boat, or similar property, which provides basic living accommodations. It also includes structures on the property, such as an unattached garage, studio, barn, or greenhouse. However, it does not include any part of your property used exclusively as a hotel or inn. This publication includes information on the following. The requirements for qualifying to deduct expenses for the business use of your home (including special rules for storing...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Form 8829, Part II, Step 4</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-form-8829-part-ii-step-4.html</link><description><![CDATA[ Finally, he figures his total deduction for his home office by adding together his otherwise deductible expenses (line 14), his operating expenses (line 25), and depreciation (line 31). He enters the result, $1,481, on lines 32 and 34, and on Schedule C, line 30. &amp;amp;nbsp; Tax Forms Example Form 4562 Example Form 4562, Part I, lines 1-13 Form 4562, Part III, line 19c Form 4562, Part III, line 19i Form 4562, Part IV, line 22 Schedule C Example Schedule C, Line 13 Schedule C, Line 16b Schedule C, Line 25 Schedule C, Lines 28-30 Form 8829 Example Form 8829,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Deducting Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-deducting-expenses.html</link><description><![CDATA[ If you qualify to deduct expenses for the business use of your home, you must divide the expenses of operating your home between personal and business use. This section discusses the types of expenses you may have and gives examples and brief explanations of these expenses. Types of Expenses Examples of Expenses &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, How to Get Tax Help</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-how-to-get-tax-help.html</link><description><![CDATA[ You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. By selecting the method that is best for you, you will have quick and easy access to tax help. Contacting your Taxpayer Advocate. If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. While Taxpayer Advocates cannot change the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Schedule C Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-schedule-c-example.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 587, Table of Contents Printable Version of IRS Publication 587, Business Use of Your Home IRS Forms and Publications Small Business Taxes Books about Home-based Businesses...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Tax-Free Reorganizations</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-tax-free-reorganizations.html</link><description><![CDATA[ The tax-free reorganization provisions of the Internal Revenue Code apply to a transfer by a corporation of all or part of its assets to another corporation in a title 11 or similar case, but only if, under the reorganization plan, stock or securities of the corporation to which the assets are transferred are distributed in a transaction qualifying under IRC section 354, 355, or 356. A &amp;quot;title 11 or similar case,&amp;quot; for this purpose, is a bankruptcy case under title 11 of the United States Code, or a receivership, foreclosure, or similar proceeding in a federal or state court,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Exceptions and Exclusions</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-exceptions-and-exclusions.html</link><description><![CDATA[ There are several exceptions and exclusions from the inclusion of canceled debt in income. The exceptions include: The cancellation of a student loan for a student required to work for certain employers. See Cancellation of student loan in Publication 525, Taxable and Nontaxable Income. The cancellation of debt that would have been deductible if paid. The reduction of a debt by the seller of property if the debt arose from the purchase of the property. The exclusions are discussed next. &amp;amp;nbsp; Debt Cancellation Exceptions and Exclusions Exclusions Basis Reduction Tax Attribute Reduction Example &amp;amp;nbsp; Information courtesy of the Internal...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Individuals in Chapter 7 or 11</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-individuals-in-chapter-7-or-11.html</link><description><![CDATA[ If you are an individual debtor who files for bankruptcy under chapter 7 or 11 of the Bankruptcy Code, a separate &amp;quot;estate&amp;quot; is created consisting of property that belonged to you before the filing date. This bankruptcy estate is a new taxable entity, completely separate from you as an individual taxpayer. If a husband and wife file a joint bankruptcy petition and their estates are jointly administered, treat their estates as separate entities for tax purposes. Two separate tax returns must be filed (if they separately meet the filing requirements). The estate, under a chapter 7 proceeding, is represented...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Schedule B</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-schedule-b.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 4797, Page 1</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-4797-page-1.html</link><description><![CDATA[ Sample Form 4797, Page 2 Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Capital Loss Carryover Worksheet</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-capital-loss-carryover-worksheet.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Debt Cancellation</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-debt-cancellation.html</link><description><![CDATA[ If a debt is canceled or forgiven, other than as a gift or bequest, the debtor generally must include the canceled amount in gross income for tax purposes. A debt includes any indebtedness for which the debtor is liable or which attaches to property the debtor holds. Exceptions and Exclusions Exclusions Basis Reduction Tax Attribute Reduction Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Determination of Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-determination-of-tax.html</link><description><![CDATA[ The first step in the determination of the tax due is filing a return. As an individual bankrupt debtor, you file a Form 1040 for the tax year involved, and the trustee of your bankruptcy estate files a Form 1041, as explained under Individuals in Chapter 7 or 11. A bankrupt corporation, or a receiver, bankruptcy trustee, or assignee having possession of, or holding title to, substantially all the property or business of the corporation, files a Form 1120 for the tax year. After the return is filed, the Internal Revenue Service may redetermine the tax liability shown on...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Partnerships and Corporations</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-partnerships-and-corporations.html</link><description><![CDATA[ A separate taxable estate is not created when a partnership or corporation files a bankruptcy petition. The court appointed trustee is, however, responsible for filing the regular income tax returns on Form 1065 or Form 1120. Partnerships Corporations Tax-Free Reorganizations Filing Requirements Personal Holding Company Tax &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Basis Reduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-basis-reduction.html</link><description><![CDATA[ If any amount of the debt cancellation is used to reduce the basis of assets as discussed under Reduction of Tax Attributes, the following rules apply to the extent indicated. When to make the basis reduction. Make the reduction in basis at the beginning of the tax year following the tax year of the debt cancellation. The reduction applies to property held at that time. See section 1.1017-1 of the Income Tax Regulations for more information. Bankruptcy and insolvency reduction limit. The reduction in basis because of canceled debt in bankruptcy or in insolvency cannot be more than the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 1040, Page 2</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-1040-page-2.html</link><description><![CDATA[ Sample Form 1040, Page 1 Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Tax Attribute Reduction Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-tax-attribute-reduction-example.html</link><description><![CDATA[ The sample filled-in Form 982, Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment), is based on the following situation. Tom Smith is in financial difficulty, but he has been able to avoid declaring bankruptcy. In 1995, he reached an agreement with his creditors, whereby they agreed to forgive $10,000 of the total that he owed them, in return for his setting up a schedule for repayment of the rest of his debts. Immediately before the debt cancellation, Tom's liabilities totaled $120,000 and the fair market value of his assets was $100,000 (his total...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Example</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-example.html</link><description><![CDATA[ Cautlon. This publication is not revised annually. Future changes to the forms and their instructions may not be reflected in this example. On December 15, 1994, Thomas Smith filed a bankruptcy petition under chapter 7. Joan Black was appointed trustee to administer the estate and to distribute the assets. The estate received the following assets from Mr. Smith: A $100,000 certificate of deposit, Commercial rental real estate with a fair market value of $280,000, and His personal residence with a fair market value of $200,000. Also, the estate received a $251,500 capital loss carryover. Mr. Smith's bankruptcy case was...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Examples of Records</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-examples-of-records.html</link><description><![CDATA[ Examples of records that show the information you need to keep for different types of expenses are included in this publication as Table 6 and Table 7. They are part of the illustrated examples shown at the end of chapter 6. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Filing Requirements</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-filing-requirements.html</link><description><![CDATA[ The filing requirements of a corporation involved in bankruptcy proceedings do not change. However, the filing of required returns becomes the responsibility of an appointed trustee, receiver, or a debtor-in-possession, rather than a corporate officer. Exemption from tax return filing. If you are a trustee, receiver, or an assignee of a corporation that is in bankruptcy, receivership, dissolution, or in the hands of an assignee by court order, you may apply to your IRS District Director for relief from filing federal income tax returns for the corporation. To qualify, the corporation must have ceased business operations and must have...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Corporations</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-corporations.html</link><description><![CDATA[ The following discussion covers only the highlights of the bankruptcy tax rules applying to corporations. Because the details of corporate bankruptcy reorganizations are beyond the scope of this publication, you may want to seek the help of a professional tax advisor. See Corporations under Debt Cancellation, for information about a corporation's debt canceled because of bankruptcy. &amp;amp;nbsp; Partnerships and Corporations Partnerships Corporations Tax-Free Reorganizations Filing Requirements Personal Holding Company Tax &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Travel,  Entertainment,  Gift, and Car  Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-travel-entertainment-gift-and-car-expenses.html</link><description><![CDATA[ Contents Publication 463 - Introductory Material Important Changes Important Reminders Introduction Useful Items Chapter 1. Travel Traveling Away From Home Travel to Family Home Tax Home Temporary Assignment or Job What Travel Expenses Are Deductible? Meals Travel in the United States Travel Outside the United States Luxury Water Travel Conventions Table 1. Travel Expenses You Can Deduct Chapter 2. Entertainment What Entertainment Expenses Are Deductible? Directly-Related Test Associated Test 50% Limit Exceptions to the 50% Limit Table 2. When Are Entertainment Expenses Deductible? Figure A. Does the 50% limit apply to Your Expenses? Chapter 3. Gifts Chapter 4. Transportation...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Personal Holding Company Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-personal-holding-company-tax.html</link><description><![CDATA[ A corporation that is subject to the jurisdiction of the cout in a title 11 or similar case is exempt from the personal holding company tax, unless the main reason for beginning or continuing this case is to avoid paying this tax. A &amp;quot;title 11 or similar case&amp;quot; is defined under Tax-Free Reorganizations. &amp;amp;nbsp; Partnerships and Corporations Partnerships Corporations Tax-Free Reorganizations Filing Requirements Personal Holding Company Tax &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, The Bankruptcy Estate</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-the-bankruptcy-estate.html</link><description><![CDATA[ The filing of a bankruptcy petition for an individual debtor under chapter 7 or chapter 11 of the bankruptcy code creates a separate taxable bankruptcy estate. The trustee (for chapter 7 cases) or the debtor-in-possession (for chapter 11 cases) is generally responsible for preparing and filing the estate's tax returns and paying its taxes. The debtor remains responsible for filing returns and paying taxes on any income that does not belong to the estate. If a bankruptcy case begins, but later is dismissed by the bankruptcy court, the estate is not treated as a separate taxable entity. If tax...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Schedule D</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-schedule-d.html</link><description><![CDATA[ Return to Bankruptcy Tax Guide Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Tax Guide for Small Business (For Individuals Who Use Schedule C or C-EZ)</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-tax-guide-for-small-business-for-individuals-who-use-schedule-c-or-c-ez.html</link><description><![CDATA[ Introductory Material Reminders 1. Filing and Paying Business Taxes Identification Numbers Income Tax Self-Employment (SE) Tax Employment Taxes Excise Taxes Information Going Out of Business Checklist 2. Accounting Periods and Methods 3. Dispositions of Business Property What Is a Disposition of Property? How Do I Figure a Gain or Loss? Where Do I Report Gains and Losses? 4. General Business Credits Business Credits How To Claim the Credit 5. Business Income Kinds of Income Items That Are Not Income Guidelines for Selected Occupations Accounting for Your Income 6. How To Figure Cost of Goods Sold 7. Figuring Gross Profit...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Sample Form 982, Page 1</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-sample-form-982-page-1.html</link><description><![CDATA[ Sample Form 982, Page 2 Return to Bankruptcy Tax Guide Example Return to Tax Attribute Reduction Example &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, How to Report</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-how-to-report.html</link><description><![CDATA[ This chapter explains where and how to report the expenses discussed in this publication. It discusses reimbursements and how to treat them under accountable and nonaccountable plans. It also explains rules for independent contractors and clients, fee-basis officials, certain performing artists, Armed Forces reservists, and certain disabled employees. The chapter ends with illustrations of how to report travel, entertainment, gift, and car expenses on Forms 2106 and 2106-EZ. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 587, Business Use of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-587-business-use-of-your-home.html</link><description><![CDATA[ Contents Important Changes for 2003 Important Changes for 2004 Important Reminder Introduction Useful Items Qualifying for a Deduction Exclusive Use Regular Use Trade or Business Use Principal Place of Business Place To Meet Patients, Clients, or Customers Separate Structure Figuring the Deduction Business Percentage Part-Year Use Deduction Limit Deducting Expenses Types of Expenses Examples of Expenses Depreciating Your Home Permanent Improvements Adjusting for Depreciation Deducted in Earlier Years Figuring the Depreciation Deduction for the Current Year Daycare Facility Figure B - Part I of Form 8829 Standard Meal and Snack Rates Sale or Exchange of Your Home Business Use...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Tax Procedures</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-tax-procedures.html</link><description><![CDATA[ The following section discusses the procedures for determining the amount of tax due from the debtor or the bankruptcy estate, paying the tax claim, and obtaining a discharge of the tax liability. Determination of Tax Payment of Tax Claim &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of IRS Publication 908, Bankruptcy Tax Guide IRS Forms and Publications Bankruptcy Books about Financially Managing a Small Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Introduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-introduction.html</link><description><![CDATA[ This publication covers the federal income tax aspects of bankruptcy. Bankruptcy proceedings begin with the filing of a petition with the bankruptcy court. The filing of the petition creates a bankruptcy estate, which generally consists of all the assets of the person filing the bankruptcy petition. A separate taxable entity is created if the bankruptcy petition is filed by an individual under chapter 7 or chapter 11 of the Bankruptcy Code. These chapters are explained later. The tax obligations of taxable estates are discussed later under The Bankruptcy Estate. The tax obligations of the person filing a bankruptcy petition...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Bankruptcy Tax Guide, Partnerships</title><link>http://www.smallbusinessnotes.com/small-business-resources/bankruptcy-tax-guide-partnerships.html</link><description><![CDATA[ The filing requirements for a partnership in bankruptcy proceedings do not change. However, the filing of required returns becomes the responsibility of an appointed trustee, receiver, or a debtor-in-possession rather than a general partner. A partnership's debt that is canceled because of bankruptcy is not included in the partnership's income. It may or may not be included in the individual partners' income. See Partnerships, under Debt Cancellation. &amp;amp;nbsp; Partnerships and Corporations Partnerships Corporations Tax-Free Reorganizations Filing Requirements Personal Holding Company Tax &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Bankruptcy Tax Guide, Table of Contents Printable Version of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, How To Prove Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-how-to-prove-expenses.html</link><description><![CDATA[ Table 4 is a summary of records you need to prove each expense discussed in this publication. You must be able to prove the elements listed across the top portion of the chart. You prove them by having the information and receipts (where needed) for the expenses listed in the first column. You cannot deduct amounts that you approximate or estimate. You should keep adequate records to prove your expenses or have sufficient evidence that will support your own statement. You must generally prepare a written record for it to be considered adequate. This is because written evidence is...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Form 2106, Page 2, for David Pine</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-form-2106-page-2-for-david-pine.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Entertainment</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-entertainment.html</link><description><![CDATA[ You may be able to deduct business-related entertainment expenses you have for entertaining a client, customer, or employee. The rules and definitions are summarized in Table 2. You can deduct entertainment expenses only if they are both ordinary and necessary and meet one of the following two tests. Directly-related test. Associated test. An ordinary expense is one that is common and accepted in your field of trade, business, or profession. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be required to be considered necessary. The amount you can...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Where To Report</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-where-to-report.html</link><description><![CDATA[ This section provides general information on where to report the expenses discussed in this publication. Self-employed. You must report your income and expenses on Schedule C or C-EZ (Form 1040) if you are a sole proprietor, or on Schedule F (Form 1040) if you are a farmer. You do not use Form 2106 or 2106-EZ. If you claim car or truck expenses, you must provide certain information on the use of your vehicle. You provide this information on Schedule C, Schedule C-EZ, or Form 4562. If you file Schedule C: Report your travel expenses, except meals, on line 24a,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Adequate Accounting</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-adequate-accounting.html</link><description><![CDATA[ One of the three rules for an accountable plan is that you must adequately account to your employer for your expenses. You adequately account by giving your employer a statement of expense, an account book, a diary, or a similar record in which you entered each expense at or near the time you had it, along with documentary evidence (such as receipts) of your travel, mileage, and other employee business expenses. (See Table 4 in chapter 5 for details you need to enter in your record and documents you need to prove certain expenses.) You must account for all...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix C-3 and C-4. Inclusion Amounts for Electric Cars First leased in 1999-2000</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-c-3-and-c-4-inclusion-amounts-for-electric-cars-first-leased-in-1999-2000.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 5. Reporting Travel, Entertainment, Gift and Car Expenses and Reimbursements</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-5-reporting-travel-entertainment-gift-and-car-expenses-and-reimbursements.html</link><description><![CDATA[ Travel, Entertainment, Gift, and Car Expenses &amp;amp;gt; Chapter 6. How To Report &amp;amp;gt; Reimbursements &amp;amp;gt; Table 5. Reporting Travel, Entertainment, Gift and Car Expenses and Reimbursements &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Associated Test</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-associated-test.html</link><description><![CDATA[ Even if your expenses do not meet the directly-related test, they may meet the associated test. To meet the associated test for entertainment expenses (including entertainment-related meals), you must show that the entertainment is: Associated with the active conduct of your trade or business, and Directly before or after a substantial business discussion (defined later). Associated with trade or business. Generally, an expense is associated with the active conduct of your trade or business if you can show that you had a clear business purpose for having the expense. The purpose may be to get new business or to...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Luxury Water Travel</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-luxury-water-travel.html</link><description><![CDATA[ If you travel by ocean liner, cruise ship, or other form of luxury water transportation for business purposes, there is a daily limit on the amount you can deduct. The limit is twice the highest federal per diem rate allowable at the time of your travel. (Generally, the federal per diem is the amount paid to federal government employees for daily living expenses when they travel away from home, but in the United States, for business purposes.) Daily limit on luxury water travel. The highest federal per diem rate allowed and the daily limit for luxury water travel in...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Depreciation Limits</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-depreciation-limits.html</link><description><![CDATA[ There are limits on the amount you can deduct for depreciation of your car, truck or van, or electric car. The section 179 deduction is treated as depreciation for purposes of the limits. The maximum amount you can deduct each year depends on the year you place the car in service. These limits are shown in the following tables. Maximum Depreciation Deduction for Cars Date Placed In Service 1st Year 2nd Year 3rd Year 4th &amp;amp;amp; Later Years 5/06/2003 - 12/31/2003 $10,7101 $4,900 $2,950 $1,775 1/01/2003 - 5/05/2003 7,6602 4,900 2,950 1,775 2002 7,6602 4,900 2,950 1,775 2001 7,6603...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 6. Daily Business Mileage and Expense Log</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-6-daily-business-mileage-and-expense-log.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 4. How To Prove Certain Business Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-4-how-to-prove-certain-business-expenses.html</link><description><![CDATA[ Travel, Entertainment, Gift, and Car Expenses &amp;amp;gt; Chapter 5. Recordkeeping &amp;amp;gt; Table 4. How To Prove Certain Business Expenses &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Useful Items</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-useful-items.html</link><description><![CDATA[ You may want to see: Publication 225 Farmer's Tax Guide 529 Miscellaneous Deductions 535 Business Expenses 946 How To Depreciate Property 1542 Per Diem Rates Form (and Instructions) Schedule A (Form 1040 Itemized Deductions (pdf) Schedule C (Form 1040) Profit or Loss From Business (pdf) Schedule C-EZ (Form 1040) Net Profit From Business (pdf) Schedule F (Form 1040) Profit or Loss From Farming (pdf) 2106 Employee Business Expenses (pdf) 2106-EZ Unreimbursed Employee Business Expenses (pdf) 4562 Depreciation and Amortization (pdf) See chapter 7, How To Get Tax Help, for more information about getting these publications and forms. &amp;amp;nbsp; Information...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix C-7. Inclusion Amounts for Electric Cars First leased in 2003</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-c-7-inclusion-amounts-for-electric-cars-first-leased-in-2003.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendices</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendices.html</link><description><![CDATA[ There are fifteen appendices. Appendices A-1 through A-7 show the lease inclusion amounts that you may need to report if you leased a car (other than a truck or van, or an electric car) for 30 days or more. The tables are numbered. Appendix B-1 shows the lease inclusion amounts that you may need to report if you leased a truck or van in 2003. Appendices C-1 through C-7 show the lease inclusion amounts that you may need to report if you leased an electric car. If any of these apply to you, use the appendix for the year...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Actual Car Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-actual-car-expenses.html</link><description><![CDATA[ If you do not use the standard mileage rate, you may be able to deduct your actual car expenses. If you qualify to use both methods, you may want to figure your deduction both ways to see which gives you a larger deduction. Actual car expenses include: Depreciation Licenses Gas Oil Lease Payments Insurance Garage rent Tolls Registration Fees Repairs Tires Parking Fees If you have fully depreciated a car that you still use in your business, you can continue to claim your other actual car expenses. Continue to keep records, as explained later in chapter 5. Business and...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Section 179 Deduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-section-179-deduction.html</link><description><![CDATA[ The section 179 deduction allows you to treat part or all of the business cost of a car as a current expense rather than taking depreciation deductions over a number of years. The limit on total section 179 and depreciation deductions may reduce or eliminate any benefit from claiming the section 179 deduction. You can claim the section 179 deduction only in the year you place the car in service. For this purpose, a car is placed in service when it is ready and available for a specific use, whether in a trade or business, a tax-exempt activity, a...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, What Are Adequate Records?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-what-are-adequate-records.html</link><description><![CDATA[ You should keep the proof you need in an account book, diary, statement of expense, or similar record. You should also keep documentary evidence that, together with your record, will support each element of an expense. Documentary evidence. You generally must have documentary evidence, such as receipts, canceled checks, or bills, to support your expenses. Exception. Documentary evidence is not needed if any of the following conditions apply. You have meals or lodging expenses while traveling away from home for which you account to your employer under an accountable plan, and you use a per diem allowance method that...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, How To Get Tax Help</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-how-to-get-tax-help.html</link><description><![CDATA[ You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get more information from the IRS in several ways. By selecting the method that is best for you, you will have quick and easy access to tax help. Contacting your Taxpayer Advocate. If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. The Taxpayer Advocate independently represents your interests and concerns within the IRS by protecting your rights and resolving problems that have not been fixed through normal channels. While Taxpayer Advocates cannot change the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Directly-Related Test</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-directly-related-test.html</link><description><![CDATA[ To meet the directly-related test for entertainment expenses (including entertainment-related meals), you must show that: The main purpose of the combined business and entertainment was the active conduct of business, You did engage in business with the person during the entertainment period, and You had more than a general expectation of getting income or some other specific business benefit at some future time. Business is generally not considered to be the main purpose when business and entertainment are combined on hunting or fishing trips, or on yachts or other pleasure boats. Even if you show that business was the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Car Used 50% or Less  for Business</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-car-used-50-or-less-for-business.html</link><description><![CDATA[ If you use your car 50% or less for qualified business use (defined earlier under Depreciation Deduction) either in the year the car is placed in service or in a later year, special rules apply. The rules that apply in these two situations are explained in the following paragraphs. (For this purpose, &amp;quot;car&amp;quot; was defined earlier under Actual Car Expenses and includes certain trucks and vans and electric cars.) Qualified business use 50% or less in year placed in service. If you use your car 50% or less for qualified business use (defined under Depreciation Deduction) in the year...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 1. Travel Expenses You Can Deduct</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-1-travel-expenses-you-can-deduct.html</link><description><![CDATA[ This chart summarizes expenses you can deduct when you travel away from home for business purposes. If you have expenses for Then you can deduct the cost of Transportation Travel by airplane, train, bus, or car between your home and your business destination. If you were provided with a ticket or you are riding free as a result of a frequent traveler or similar program, your cost is zero. If you travel by ship, see Luxury Water Travel and Cruise Ships (under Conventions) for additional rules and limits. Taxi, commuter bus, and airport limousine Fares for these and other...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Temporary  Assignment or Job</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-temporary-assignment-or-job.html</link><description><![CDATA[ You may regularly work at your tax home and also work at another location. It may not be practical to return to your tax home from this other location at the end of each work day. Temporary assignment vs. indefinite assignment. If your assignment or job away from your main place of work is temporary, your tax home does not change. You are considered to be away from home for the whole period you are away from your main place of work. You can deduct your travel expenses if they otherwise qualify for deduction. Generally, a temporary assignment in...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, 50% Limit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-50-limit.html</link><description><![CDATA[ In general, you can deduct only 50% of your business-related meal and entertainment expenses. (If you are subject to the Department of Transportation's hours of service limits, you can deduct a higher percentage. The 50% limit applies to employees or their employers, and to self-employed persons (including independent contractors) or their clients, depending on whether the expenses are reimbursed. Figure A summarizes the general rules explained in this section. The 50% limit applies to business meals or entertainment expenses you have while: Traveling away from home (whether eating alone or with others) on business, Entertaining customers at your place...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Vehicle Provided by  Your Employer</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-vehicle-provided-by-your-employer.html</link><description><![CDATA[ If your employer provides you with a car, you may be able to deduct the actual expenses of operating that car for business purposes. The amount you can deduct depends on the amount that your employer included in your income and the business and personal miles you drove during the year. You cannot use the standard mileage rate. Value reported on Form W-2. Your employer can figure and report either the actual value of your personal use of the car or the value of the car as if you used it only for personal purposes (100% income inclusion). Your...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, What If I Have Incomplete Records?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-what-if-i-have-incomplete-records.html</link><description><![CDATA[ If you do not have complete records to prove an element of an expense, then you must prove the element with: Your own written or oral statement containing specific information about the element, and Other supporting evidence that is sufficient to establish the element. If the element is the description of a gift, or the cost, time, place, or date of an expense, the supporting evidence must be either direct evidence or documentary evidence. Direct evidence can be written statements, or the oral testimony of your guests or other witnesses setting forth detailed information about the element. Documentary evidence...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Leasing a Car</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-leasing-a-car.html</link><description><![CDATA[ If you lease a car, truck, or van that you use in your business, you can use the standard mileage rate or actual expenses to figure your deductible expense. This section explains how to figure actual expenses for a leased car, truck, or van. Deductible payments. You can deduct the part of each lease payment that is for the use of the car in your business. You cannot deduct any part of a lease payment that is for personal use of the car, such as commuting. You must spread any advance payments over the entire lease period. You cannot...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Standard Mileage Rate</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-standard-mileage-rate.html</link><description><![CDATA[ You may be able to use the standard mileage rate to figure the deductible costs of operating your car for business purposes. For 2003, the standard mileage rate is 36 cents a mile for all business miles. This rate is adjusted periodically. If you use the standard mileage rate for a year, you cannot deduct your actual car expenses for that year. You cannot deduct the special depreciation allowance (and you do not need to make the election not to claim the allowance), depreciation, or lease payments, maintenance and repairs, gasoline (including gasoline taxes), oil, insurance, and vehicle registration...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Form 2106, Page 1, for David Pine</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-form-2106-page-1-for-david-pine.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Form 2106-EZ for Bill Wilson</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-form-2106-ez-for-bill-wilson.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-6. Inclusion Amounts for Cars (Other Than Electric Cars) First Leased in 2002</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-6-inclusion-amounts-for-cars-other-than-electric-cars-first-leased-in-2002.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Statutory Employees</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-statutory-employees.html</link><description><![CDATA[ If you received a Form W-2 and the &amp;quot;Statutory employee&amp;quot; box in box 13 was checked, report your income and expenses related to that income on Schedule C or C-EZ (Form 1040). Do not complete Form 2106 or 2106-EZ. Statutory employees include full-time life insurance salespersons, certain agent or commission drivers, traveling salespersons, and certain homeworkers. If you are entitled to a reimbursement from your employer but you do not claim it, you cannot claim a deduction for the expenses to which that unclaimed reimbursement applies. Reimbursement for personal expenses. If your employer reimburses you for nondeductible personal expenses,...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Car Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-car-expenses.html</link><description><![CDATA[ If you use your car for business purposes, you ordinarily can deduct car expenses. You generally can use one of the two following methods to figure your deductible expenses. Standard mileage rate Actual car expenses If you use actual expenses to figure your deduction for a car you lease, there are rules that affect the amount of your lease payments that you can deduct. See Leasing a Car. In this publication, &amp;quot;car&amp;quot; includes a van, pickup, or panel truck. For the definition of &amp;quot;car&amp;quot; for depreciation purposes, see Car defined under Actual Car Expenses, later. You may be entitled...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, How Long To Keep  Records and Receipts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-how-long-to-keep-records-and-receipts.html</link><description><![CDATA[ You must keep records as long as they may be needed for the administration of any provision of the Internal Revenue Code. Generally, this means you must keep records that support your deduction (or an item of income) for 3 years from the date you file the income tax return on which the deduction is claimed. A return filed early is considered filed on the due date. For a more complete explanation of how long to keep records, get Publication 583, Starting a Business and Keeping Records. You must keep records of the business use of your car for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Important Changes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-important-changes.html</link><description><![CDATA[ Standard mileage rate. The standard mileage rate for the cost of operating your car in 2003 is 36 cents a mile for all business miles. Car expenses and use of the standard mileage rate are explained in chapter 4. Special depreciation allowance. The special depreciation allowance increases from 30% to 50% for most new vehicles acquired after May 5, 2003. If the 50% allowance applies, you can choose to use the 30% allowance or elect out entirely for any class of property. See Special Depreciation Allowance in chapter 4. Depreciation limits on cars. The total section 179 deduction and...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix B-1. Inclusion Amounts for Trucks and Vans First Leased in 2003</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-b-1-inclusion-amounts-for-trucks-and-vans-first-leased-in-2003.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 7. Weekly Traveling Expense and Entertainment Record</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-7-weekly-traveling-expense-and-entertainment-record.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-5. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 2001</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-5-inclusion-amounts-for-cars-other-than-electric-cars-first-leased-in-2001.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-2. Inclusion Amounts for Cars First leased in 1998</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-2-inclusion-amounts-for-cars-first-leased-in-1998.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 2. When Are Entertainment Expenses Deductible?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-2-when-are-entertainment-expenses-deductible.html</link><description><![CDATA[ Travel, Entertainment, Gift, and Car Expenses &amp;amp;gt; Chapter 2. Entertainment &amp;amp;gt; Table 2. When Are Entertainment Expenses Deductible? &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Meals</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-meals.html</link><description><![CDATA[ You can deduct the cost of meals in either of the following two situations. It is necessary for you to stop for substantial sleep or rest to properly perform your duties while traveling away from home on business. The meal is business-related entertainment. Business-related entertainment is discussed in Chapter 2. The following discussion deals only with meals that are not business-related entertainment. Lavish or extravagant. You cannot deduct expenses for meals that are lavish or extravagant. An expense is not considered lavish or extravagant if it is reasonable based on the facts and circumstances. Expenses will not be disallowed...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, When Are Local Transportation Expenses Deductible?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-when-are-local-transportation-expenses-deductible.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Recordkeeping</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-recordkeeping.html</link><description><![CDATA[ If you deduct travel, entertainment, gift, or transportation expenses, you must be able to prove (substantiate) certain elements of expense. This chapter discusses the records you need to keep to prove these expenses. If you keep timely and accurate records, you will have support to show the IRS if your tax return is ever examined. You will also have proof of expenses that your employer may require if you are reimbursed under an accountable plan. These plans are discussed in chapter 6 under Reimbursements. Learn How To Prove Expenses &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-4. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 2000</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-4-inclusion-amounts-for-cars-other-than-electric-cars-first-leased-in-2000.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Tax Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-tax-home.html</link><description><![CDATA[ To determine whether you are traveling away from home, you must first determine the location of your tax home. Generally, your tax home is your regular place of business or post of duty, regardless of where you maintain your family home. It includes the entire city or general area in which your business or work is located. If you have more than one regular place of business, your tax home is your main place of business. If you do not have a regular or a main place of business because of the nature of your work, then your tax...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-7. Inclusion Amounts for Cars (Other Than Electric Cars) First Leased in 2003</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-7-inclusion-amounts-for-cars-other-than-electric-cars-first-leased-in-2003.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Index</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-index.html</link><description><![CDATA[ &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Per Diem and Car Allowances</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-per-diem-and-car-allowances.html</link><description><![CDATA[ If your employer reimburses you for your expenses using a per diem or a car allowance, you can generally use the allowance as proof for the amount of your expenses. A per diem or car allowance satisfies the adequate accounting requirements for the amount of your expenses only if all four of the following conditions apply. Your employer reasonably limits payments of your expenses to those that are ordinary and necessary in the conduct of the trade or business. The allowance is similar in form to and not more than the federal rate (defined below). You prove the time...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix C-1 and C-2. Electric Leases 1997-1998</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-c-1-and-c-2-electric-leases-1997-1998.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Depreciation Deduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-depreciation-deduction.html</link><description><![CDATA[ If you use actual car expenses to figure your deduction for a car you own and use in your business, you can claim a depreciation deduction: that is, you can deduct a certain amount each year as a recovery of your cost or other basis in your car. You cannot use the standard mileage rate if you decide to take a depreciation deduction in the year you first place the car in service. In addition, you may be able to claim the special depreciation allowance for new cars purchased and placed in service in 2003. See Special Depreciation Allowance....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Table 3. 2001 MACRS Depreciation Chart</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-table-3-2001-macrs-depreciation-chart.html</link><description><![CDATA[ Travel, Entertainment, Gift, and Car Expenses &amp;amp;gt; Chapter 4. Transportation &amp;amp;gt; Car Expenses &amp;amp;gt; Actual Car Expenses &amp;amp;gt; Table 3. 2001 MACRS Depreciation Chart &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Conventions</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-conventions.html</link><description><![CDATA[ You can deduct your travel expenses when you attend a convention if you can show that your attendance benefits your trade or business. You cannot deduct the travel expenses for your family. If the convention is for investment, political, social, or other purposes unrelated to your trade or business, you cannot deduct the expenses. Your appointment or election as a delegate does not, in itself, determine whether you can deduct travel expenses. You can deduct your travel expenses only if your attendance is connected to your own trade or business. Convention agenda. The convention agenda or program generally shows...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Travel</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-travel.html</link><description><![CDATA[ If you temporarily travel away from your tax home, you can use this chapter to determine if you have deductible travel expenses. This chapter discusses: Traveling away from home, Temporary assignment, and What travel expenses are deductible. It also discusses the standard meal allowance, rules for travel inside and outside the United States, luxury water travel, and deductible convention expenses. Travel expenses defined. For tax purposes, travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job. An ordinary expense is one that is common and accepted in your field of...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Special Depreciation Allowance</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-special-depreciation-allowance.html</link><description><![CDATA[ The special depreciation allowance is a deduction equal to 30% (or 50%, depending on when you acquired the property) of the depreciable basis of qualified property. If your car qualifies for this deduction, you must reduce the car's adjusted basis by the amount of the allowance, unless you elect not to claim the allowance, as discussed later. You figure the amount of the special depreciation allowance after any section 179 deduction you choose to claim, but before figuring your regular depreciation deduction under MACRS. For a car that is qualified property purchased before May 6, 2003, the allowance is...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Disposition of a Car</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-disposition-of-a-car.html</link><description><![CDATA[ If you dispose of your car, you may have a taxable gain or a deductible loss. The portion of any gain that is due to depreciation (including any section 179 or clean-fuel vehicle deduction) that you claimed on the car will be treated as ordinary income. However, you may not have to recognize a gain or loss if you dispose of the car because of a casualty, theft, or trade-in. This section gives some general information about dispositions of cars. For information on how to report the disposition of your car, see Publication 544. Casualty or theft. For a...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Important Reminders</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-important-reminders.html</link><description><![CDATA[ Meal expenses when subject to &amp;quot;hours of service&amp;quot; limits. Generally, you can deduct only 50% of your business-related meal expenses while traveling away from your tax home for business purposes. You can deduct a higher percentage if the meals take place during or incident to any period subject to the Department of Transportation's hours of service limits. (These limits apply to certain workers who are under certain federal regulations.) The percentage is 65% for 2003. Business meal expenses are covered in Chapter 1. Limits that apply to employee deductions. If you are an employee, deduct your work-related expenses discussed...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Rules for Independent Contractors and Clients</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-rules-for-independent-contractors-and-clients.html</link><description><![CDATA[ This section provides rules for independent contractors who incur expenses on behalf of a client or customer. The rules cover the reporting and substantiation of certain expenses discussed in this publication, and they affect both independent contractors and their clients or customers. You are considered an independent contractor if you are self-employed and you perform services for a customer or client. Accounting to Your Client If you received a reimbursement or an allowance for travel, entertainment, or gift expenses that you incurred on behalf of a client, you should provide an adequate accounting of these expenses to your client....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Travel in the United States</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-travel-in-the-united-states.html</link><description><![CDATA[ The following discussion applies to travel in the United States. For this purpose, the United States includes the 50 states and the District of Columbia. The treatment of your travel expenses depends on how much of your trip was business related and on how much of your trip occurred within the United States. See &amp;quot;Part of Trip Outside the United States&amp;quot; below. Trip Primarily for Business You can deduct all of your travel expenses if your trip was entirely business related. If your trip was primarily for business and, while at your business destination, you extended your stay for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, What Entertainment Expenses Are Deductible?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-what-entertainment-expenses-are-deductible.html</link><description><![CDATA[ This section explains different types of entertainment expenses that you may be able to deduct. Entertainment. Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation. Examples include entertaining guests at nightclubs; at social, athletic, and sporting clubs; at theaters; at sporting events; on yachts; or on hunting, fishing, vacation, and similar trips. Entertainment also may include meeting personal, living, or family needs of individuals, such as providing meals, a hotel suite, or a car to customers or their families. A meal as a form of entertainment. Entertainment includes the cost of a meal you provide to...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Returning Excess Reimbursements</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-returning-excess-reimbursements.html</link><description><![CDATA[ Under an accountable plan, you are required to return any excess reimbursement or other expense allowances for your business expenses to the person paying the reimbursement or allowance. Excess reimbursement means any amount for which you did not adequately account within a reasonable period of time. For example, if you received a travel advance and you did not spend all the money on business-related expenses, or you do not have proof of all your expenses, you have an excess reimbursement. Travel advance. You receive a travel advance if your employer provides you with an expense allowance before you actually...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Nonaccountable Plans</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-nonaccountable-plans.html</link><description><![CDATA[ A nonaccountable plan is a reimbursement or expense allowance arrangement that does not meet one or more of the three rules listed earlier under Accountable Plans. In addition, even if your employer has an accountable plan, the following payments will be treated as being paid under a nonaccountable plan: Excess reimbursements you fail to return to your employer, and Reimbursement of nondeductible expenses related to your employer's business. See Reimbursement of nondeductible expenses, earlier, under Accountable Plans. An arrangement that repays you for business expenses by reducing the amount reported as your wages, salary, or other pay will be...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Introduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-introduction.html</link><description><![CDATA[ You may be able to deduct the ordinary and necessary business-related expenses you have for Travel, Entertainment, Gifts, or Transportation. An ordinary expense is one that is common and accepted in your field of trade, business, or profession. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be required to be considered necessary. This publication explains: What expenses are deductible, How to report them on your return, What records you need to prove your expenses, and How to treat any expense reimbursements you may receive. Who should use this...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Accountable Plans</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-accountable-plans.html</link><description><![CDATA[ To be an accountable plan, your employer's reimbursement or allowance arrangement must include all three of the following rules. Your expenses must have a business connection - that is, you must have paid or incurred deductible expenses while performing services as an employee of your employer. You must adequately account to your employer for these expenses within a reasonable period of time. You must return any excess reimbursement or allowance within a reasonable period of time. An excess reimbursement or allowance is any amount you are paid that is more than the business-related expenses that you adequately accounted for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Completing Forms 2106 and 2106-EZ</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-completing-forms-2106-and-2106-ez.html</link><description><![CDATA[ This section briefly describes how employees complete Forms 2106 and 2106-EZ. Table 5 explains what the employer reports on Form W-2 and what the employee reports on Form 2106. The instructions for the forms have more information on completing them. If you are self-employed, do not file Form 2106 or 2106-EZ. Report your expenses on Schedule C, C-EZ, or F (Form 1040). See the instructions for the form that you must file. Form 2106-EZ. You may be able to use the shorter Form 2106-EZ to claim your employee business expenses. You can use this form if you meet all...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Separating and Combining Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-separating-and-combining-expenses.html</link><description><![CDATA[ This section explains when expenses must be kept separate and when expenses can be combined. Separating expenses. Each separate payment is generally considered a separate expense. For example, if you entertain a customer or client at dinner and then go to the theater, the dinner expense and the cost of the theater tickets are two separate expenses. You must record them separately in your records. Season or series tickets. If you buy season or series tickets for business use, you must treat each ticket in the series as a separate item. To determine the cost of individual tickets, divide...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Traveling Away From Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-traveling-away-from-home.html</link><description><![CDATA[ You are traveling away from home if: Your duties require you to be away from the general area of your tax home substantially longer than an ordinary day's work, and You need to sleep or rest to meet the demands of your work while away from home. This rest requirement is not satisfied by merely napping in your car. You do not have to be away from your tax home for a whole day or from dusk to dawn as long as your relief from duty is long enough to get necessary sleep or rest. Example 1. You are...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Traveling to Family Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-traveling-to-family-home.html</link><description><![CDATA[ If you (and your family) do not live at your tax home, you cannot deduct the cost of traveling between your tax home and your family home. You also cannot deduct the cost of meals and lodging while at your tax home. See Example 1. If you are working temporarily in the same city where you and your family live, you may be considered as traveling away from home. See Example 2. Example 1. You are a truck driver and you and your family live in Tucson. You are employed by a trucking firm that has its terminal in...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix C-5 and C-6. Inclusion Amounts for Electric Cars First leased in 2001-2002</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-c-5-and-c-6-inclusion-amounts-for-electric-cars-first-leased-in-2001-2002.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Introductory Material</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-introductory-material.html</link><description><![CDATA[ Information about: Important Changes Important Reminders Introduction Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-1. Inclusion Amounts for Cars First Leased in 1993 through 1997</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-1-inclusion-amounts-for-cars-first-leased-in-1993-through-1997.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, What Travel Expenses Are Deductible?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-what-travel-expenses-are-deductible.html</link><description><![CDATA[ Once you have determined that you are traveling away from your tax home, you can determine what travel expenses are deductible. You can deduct ordinary and necessary expenses you have when you travel away from home on business. The type of expense you can deduct depends on the facts and your circumstances. Table 1 summarizes travel expenses you may be able to deduct. You may have other deductible travel expenses that are not covered there, depending on the facts and your circumstances. When you travel away from home on business, you should keep records of all the expenses you...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Reimbursements</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-reimbursements.html</link><description><![CDATA[ This section explains what to do when you receive an advance or are reimbursed for any of the employee business expenses discussed in this publication. If you received an advance, allowance, or reimbursement for your expenses, how you report this amount and your expenses depends on whether the reimbursement was paid to you under an accountable plan or a nonaccountable plan. This section explains the two types of plans, how per diem and car allowances simplify proving the amount of your expenses, and the tax treatment of your reimbursements and expenses. It also covers rules for independent contractors. No...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Exceptions to the 50% Limit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-exceptions-to-the-50-limit.html</link><description><![CDATA[ Generally, business-related meal and entertainment expenses are subject to the 50% limit. Figure A can help you determine if the 50% limit applies to you. Expenses not subject to 50% limit. Your meal or entertainment expense is not subject to the 50% limit if the expense meets one of the following exceptions. 1 - Employee's reimbursed expenses. If you are an employee, you are not subject to the 50% limit on expenses for which your employer reimburses you under an accountable plan. Accountable plans are discussed in chapter 6. 2 - Self-employed. If you are self-employed, your deductible meal...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Illustrated Examples</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-illustrated-examples.html</link><description><![CDATA[ The following examples illustrate the reporting of travel, entertainment, gift, and transportation expenses on Forms 2106 and 2106-EZ. Business use of a car is shown using actual car expenses in Example 1 and the standard mileage rate in Example 2. Sample records that prove some of the claimed expenses are also shown. Example 1. David Pine purchased a new car for $18,500 (including sales tax) on January 6, 2003. In 2003, he used the car 70% for business purposes. A sample page from David's logbook is illustrated in Table 6. He records his business mileage (but not his personal...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Figure A. Does the 50% limit apply to Your Expenses?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-figure-a-does-the-50-limit-apply-to-your-expenses.html</link><description><![CDATA[ Travel, Entertainment, Gift, and Car Expenses &amp;amp;gt; Chapter 2. Entertainment &amp;amp;gt; Figure A. Does the 50% limit apply to Your Expenses? &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Special Rules</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-special-rules.html</link><description><![CDATA[ This section discusses special rules that apply only to government officials who are paid on a fee basis, performing artists, Armed Forces reservists, and disabled employees with impairment-related work expenses. Officials Paid on a Fee Basis Certain fee-basis officials can claim their employee business expenses whether or not they itemize their other deductions on Schedule A (Form 1040). Fee-basis officials are persons who are employed by a state or local government and who are paid in whole or in part on a fee basis. They can deduct their business expenses in performing services in that job as an adjustment...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Travel Outside the United States</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-travel-outside-the-united-states.html</link><description><![CDATA[ If any part of your business travel is outside the United States, some of your deductions for the cost of getting to and from your destination may be limited. For this purpose, the United States includes the 50 states and the District of Columbia. How much of your travel expenses you can deduct depends in part upon how much of your trip outside the United States was business related. Travel Entirely for Business or Considered Entirely for Business You can deduct all your travel expenses of getting to and from your business destination if your trip is entirely for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Guidelines for Selected Occupations</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-guidelines-for-selected-occupations.html</link><description><![CDATA[ This section provides information to determine whether your earnings should be reported on Schedule C (Form 1040) or C-EZ (Form 1040). Direct seller. You must report all income you receive as a direct seller on Schedule C or C-EZ. This includes any of the following. Income from sales - payments you receive from customers for products they buy from you. Commissions, bonuses, or percentages you receive for sales and the sales of others who work under you. Prizes, awards, and gifts you receive from your selling business. You must report this income regardless of whether it is reported to...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Items To Check</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-items-to-check.html</link><description><![CDATA[ Consider the following items before figuring your gross profit. Gross receipts. At the end of each business day, make sure your records balance with your actual cash and credit receipts for the day. You may find it helpful to use cash registers to keep track of receipts. You should also use a proper invoicing system and keep a separate bank account for your business. Sales tax collected. Check to make sure your records show the correct sales tax collected. If you collect state and local sales taxes imposed on you as the seller of goods or services from the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, How To Get More Information</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-how-to-get-more-information.html</link><description><![CDATA[ This section describes the help the IRS and other federal agencies offer to taxpayers who operate their own businesses. Internal Revenue Service You can get help with unresolved tax issues, order free publications and forms, ask tax questions, and get information from the IRS in several ways. By selecting the method that is best for you, you will have quick and easy access to tax help. Contacting your Taxpayer Advocate. If you have attempted to deal with an IRS problem unsuccessfully, you should contact your Taxpayer Advocate. The Taxpayer Advocate independently represents your interests and concerns within the IRS...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Accounting Periods and Methods</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-accounting-periods-and-methods.html</link><description><![CDATA[ You must figure your taxable income and file an income tax return for an annual accounting period called a tax year. Also, you must consistently use an accounting method that clearly shows your income and expenses for the tax year. Table of Contents: Accounting Periods Accounting Methods Cash Method Accrual Method Combination Method Inventories Uniform Capitalization Rules Special Methods Change in Accounting Method Useful Items - You may want to see: Publication 538 Accounting Periods and Methods See IRS Forms and Publications for information about getting publications and forms. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Deduct...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Excise Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-excise-tax.html</link><description><![CDATA[ This section identifies some of the excise taxes you may have to pay and the forms you have to file if you do any of the following. Manufacture or sell certain products. Operate certain kinds of businesses. Use various kinds of equipment, facilities, or products. Receive payment for certain services. For more information on excise taxes, see Publication 510, Excise Taxes. Form 720. The federal excise taxes reported on Form 720, Quarterly Federal Excise Tax Return, consist of several broad categories of taxes, including the following. Environmental taxes on the sale or use of ozone-depleting chemicals and imported products...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Information Returns</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-information-returns.html</link><description><![CDATA[ If you make or receive payments in your business, you may have to report them to the IRS on information returns. The IRS compares the payments shown on the information returns with each person's income tax return to see if the payments were included in income. You must give a copy of each information return you are required to file to the recipient or payer. In addition to the forms described below, you may have to use other returns to report certain kinds of payments or transactions. For more details on information returns and when you have to file...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, How Do I Figure a Gain or Loss?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-how-do-i-figure-a-gain-or-loss.html</link><description><![CDATA[ How To Figure a Gain or Loss IF your... THEN you have a... Adjusted basis is more than the amount realized Loss. Amount realized is more than the adjusted basis Gain. Basis, adjusted basis, amount realized, fair market value, and amount recognized are defined next. You need to know these definitions to figure your gain or loss. Basis. The cost or purchase price of property is usually its basis for figuring the gain or loss from its sale or other disposition. However, if you acquired the property by gift, inheritance, or in some way other than buying it, you...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Transportation</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-transportation.html</link><description><![CDATA[ This chapter discusses expenses you can deduct for business transportation when you are not traveling away from home. These expenses include the cost of transportation by air, rail, bus, taxi, etc., and the cost of driving and maintaining your car. Transportation expenses include the ordinary and necessary costs of all of the following. Getting from one workplace to another in the course of your business or profession when you are traveling within the city or general area that is your tax home. Visiting clients or customers. Going to a business meeting away from your regular workplace. Getting from your...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Gifts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-gifts.html</link><description><![CDATA[ If you give gifts in the course of your trade or business, you can deduct all or part of the cost. This chapter explains the limits and rules for deducting the costs of gifts. $25 limit. You can deduct no more than $25 for business gifts you give directly or indirectly to any one person during your tax year. A gift to a company that is intended for the eventual personal use or benefit of a particular person or a limited class of people will be considered an indirect gift to that particular person or to the individuals within...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Using Both Optional Methods for Figuring Earnings Subject to Self-Employment (SE) Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-using-both-optional-methods-for-figuring-earnings-subject-to-self-employment-se-tax.html</link><description><![CDATA[ If you have both farm and nonfarm earnings, you may be able to use both optional methods to determine your net earnings from self-employment. To figure your net earnings using both optional methods, you must: Figure your farm and nonfarm net earnings separately under each method. Do not combine farm earnings with nonfarm earnings to figure your net earnings under either method. Add the net earnings figured under each method to arrive at your total net earnings from self-employment. You can report less than your total actual farm and nonfarm net earnings but not less than actual nonfarm net...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Legal and Professional Fees</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-legal-and-professional-fees.html</link><description><![CDATA[ Legal and professional fees, such as fees charged by accountants, that are ordinary and necessary expenses directly related to operating your business are deductible on Schedule C or C-EZ. However, you usually cannot deduct legal fees you pay to acquire business assets. Add them to the basis of the property. If the fees include payments for work of a personal nature (such as making a will), you can take a business deduction only for the part of the fee related to your business. The personal part of legal fees for producing or collecting taxable income, doing or keeping your...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Income Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-income-tax.html</link><description><![CDATA[ This part explains whether you have to file an income tax return and when you file it. It also explains how you pay the tax. Do I Have To File an Income Tax Return? You have to file an income tax return for 2005 if your net earnings from self-employment were $400 or more. If your net earnings from self-employment were less than $400, you still have to file an income tax return if you meet any other filing requirement listed in the Form 1040 instructions. How Do I File? File your income tax return on Form 1040 and...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Testing Gross Profit Accuracy</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-testing-gross-profit-accuracy.html</link><description><![CDATA[ If you are in a retail or wholesale business, you can check the accuracy of your gross profit figure. First, divide gross profit by net receipts. The resulting percentage measures the average spread between the merchandise cost of goods sold and the selling price. Next, compare this percentage to your markup policy. Little or no difference between these two percentages shows that your gross profit figure is accurate. A large difference between these percentages may show that you did not accurately figure sales, purchases, inventory, or other items of cost. You should determine the reason for the difference. Example....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Dispositions of Business Property</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-dispositions-of-business-property.html</link><description><![CDATA[ If you dispose of business property, you may have a gain or loss that you report on Form 1040. However, in some cases you may have a gain that is not taxable or a loss that is not deductible. This chapter discusses whether you have a disposition, how to figure the gain or loss, and where to report the gain or loss. What Is a Disposition of Property? Like-kind exchanges. How Do I Figure a Gain or Loss? Is My Gain or Loss Ordinary or Capital? Is My Capital Gain or Loss Short Term or Long Term? Where Do...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Going Out of Business Checklist</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-going-out-of-business-checklist.html</link><description><![CDATA[ IF you are liable for: THEN you may need to: Income tax File Schedule C or C-EZ with your Form 1040 for the year in which you go out of business. File Form 4797 with your Form 1040 for each year in which you sell or exchange property used in your business or in which the business use of certain section 179 or listed property drops to 50% or less. File Form 8594 with your Form 1040 if you sold your business. Self-employment tax File Schedule SE with your Form 1040 for the year in which you go out...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 463, Appendix A-3. Inclusion Amounts for Cars (Other Than Electric Cars) First leased in 1999</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-463-appendix-a-3-inclusion-amounts-for-cars-other-than-electric-cars-first-leased-in-1999.html</link><description><![CDATA[ &amp;amp;nbsp; &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Publication 463, Table of Contents Printable Version of IRS Publication 463, Travel, Entertainment, Gift, and Car Expenses IRS Forms and Publications Small Business Taxes Books on Taxes...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Interest</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-interest.html</link><description><![CDATA[ You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your business. Interest relates to your business if you use the proceeds of the loan for a business expense. It does not matter what type of property secures the loan. You can deduct interest on a debt only if you meet all of the following requirements. You are legally liable for that debt. Both you and the lender intend that the debt be repaid. You and the lender have a true debtor-creditor relationship. You cannot deduct on...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Pension Plans</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-pension-plans.html</link><description><![CDATA[ You can set up and maintain the following small business retirement plans for yourself and your employees. SEP (Simplified Employee Pension) plans. SIMPLE (Savings Incentive Match Plan for Employees) plans. Qualified plans (including Keogh or H.R. 10 plans). SEP, SIMPLE, and qualified plans offer you and your employees a tax favored way to save for retirement. You can deduct contributions you make to the plan for your employees on line 19 of Schedule C. If you are a sole proprietor, you can deduct contributions you make to the plan for yourself on line 28 of Form 1040. You can...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Depreciation</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-depreciation.html</link><description><![CDATA[ If property you acquire to use in your business is expected to last more than one year, you generally cannot deduct the entire cost as a business expense in the year you acquire it. You must spread the cost over more than one tax year and deduct part of it each year on Schedule C. This method of deducting the cost of business property is called depreciation. The discussion here is brief. You will find more information about depreciation in Publication 946, How To Depreciate Property. What property can be depreciated? You can depreciate property if it meets all...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Items That Are Not Income</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-items-that-are-not-income.html</link><description><![CDATA[ In some cases the property or money you receive is not income. Appreciation. Increases in value of your property are not income until you realize the increases through a sale or other taxable disposition. Consignments. Consignments of merchandise to others to sell for you are not sales. The title of merchandise remains with you, the consignor, even after the consignee possesses the merchandise. Therefore, if you ship goods on consignment, you have no profit or loss until the consignee sells the merchandise. Merchandise you have shipped out on consignment is included in your inventory until it is sold. Do...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Rent Expense</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-rent-expense.html</link><description><![CDATA[ Rent is any amount you pay for the use of property you do not own. In general, you can deduct rent as a business expense only if the rent is for property you use in your business. If you have or will receive equity in or title to the property, you cannot deduct the rent. Unreasonable rent. You cannot take a rental deduction for unreasonable rents. Ordinarily, the issue of reasonableness arises only if you and the lessor are related. Rent paid to a related person is reasonable if it is the same amount you would pay to a...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, What Is a Disposition of Property?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-what-is-a-disposition-of-property.html</link><description><![CDATA[ A disposition of property includes the following transactions. You sell property for cash or other property. You exchange property for other property. You receive money as a tenant for the cancellation of a lease. You receive money for granting the exclusive use of a copyright throughout its life in a particular medium. You transfer property to satisfy a debt. You abandon property. Your bank or other financial institution forecloses on your mortgage or repossesses your property. Your property is damaged, destroyed, or stolen, and you receive property or money in payment. Your property is condemned, or disposed of under...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Filing and Paying Business Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-filing-and-paying-business-taxes.html</link><description><![CDATA[ This chapter explains the business taxes you may have to pay and the forms you may have to file. It also discusses taxpayer identification numbers. Table of Contents: Identification Numbers New EIN Employee Other payee Income Tax Do I Have To File an Income Tax Return? How Do I File? IRS e-file (Electronic Filing) When Is My Tax Return Due? How Do I Pay Income Tax? Self-Employment (SE) Tax How to become insured under social security. Earning credits in 2005 and 2006. Employment Taxes Excise Taxes Information Returns Waiver of penalties. Penalties. Going Out of Business Checklist &amp;amp;nbsp; Table...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Business Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-business-expenses.html</link><description><![CDATA[ You can deduct the costs of running your business. These costs are known as business expenses. These are costs you do not have to capitalize or include in the cost of goods sold. To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that is helpful and appropriate for your business. An expense does not have to be indispensable to be considered necessary. For more information about the general rules for deducting business expenses, see chapter 1...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Car and Truck Expenses</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-car-and-truck-expenses.html</link><description><![CDATA[ If you use your car or truck in your business, you may be able to deduct the costs of operating and maintaining your vehicle. You also may be able to deduct other costs of local transportation and traveling away from home overnight on business. You may be entitled to a tax credit for an electric vehicle or a deduction from gross income for a part of the cost of a clean-fuel vehicle you place in service during the year. The vehicle must meet certain requirements and you do not have to use it in your business to qualify for...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Business Use of Your Home</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-business-use-of-your-home.html</link><description><![CDATA[ To deduct expenses related to the part of your home used for business, you must meet specific requirements. Even then, your deduction may be limited. To qualify to claim expenses for business use of your home, you must meet the following tests. Your use of the business part of your home must be: Exclusive (however, see &amp;quot;Exceptions to exclusive use,&amp;quot; later), Regular, For your business, and The business part of your home must be one of the following: Your principal place of business (defined later), A place where you meet or deal with patients, clients, or customers in the...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Figuring Net Profit or Loss</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-figuring-net-profit-or-loss.html</link><description><![CDATA[ After figuring your business income and expenses, you are ready to figure the net profit or net loss from your business. You do this by subtracting business expenses from business income. If your expenses are less than your income, the difference is net profit and becomes part of your income on page 1 of Form 1040. If your expenses are more than your income, the difference is a net loss. You usually can deduct it from gross income on page 1 of Form 1040. But in some situations your loss is limited. This chapter briefly explains two of those...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Identification Numbers</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-identification-numbers.html</link><description><![CDATA[ This section explains three types of taxpayer identification numbers, who needs them, when to use them, and how to get them. Social security number (SSN). Generally, use your SSN as your taxpayer identification number. You must put this number on each of your individual income tax forms, such as Form 1040 and its schedules. To apply for an SSN, use Form SS-5, Application for a Social Security Card. This form is available at Social Security Administration (SSA) offices or by calling 1-800-772-1213. It is also available from the SSA website at www.ssa.gov. Individual taxpayer identification number (ITIN). The IRS...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Taxes</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-taxes.html</link><description><![CDATA[ You can deduct on Schedule C or C-EZ various federal, state, local, and foreign taxes directly attributable to your business. Income taxes. You can deduct on Schedule C or C-EZ a state tax on gross income (as distinguished from net income) directly attributable to your business. You can deduct other state and local income taxes on Schedule A (Form 1040) if you itemize your deductions. Do not deduct federal income tax. Employment taxes. You can deduct the social security, Medicare, and federal unemployment (FUTA) taxes you paid out of your own funds as an employer. Employment taxes are discussed...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Employment Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-employment-tax.html</link><description><![CDATA[ If you have employees, you will need to file forms to report employment taxes. Employment taxes include the following items. Social security and Medicare taxes Federal income tax withholding Federal unemployment (FUTA) tax For more information, see Publication 15 (Circular E), Employer's Tax Guide. That publication explains your tax responsibilities as an employer. To help you determine whether the people working for you are your employees, see Publication 15-A, Employer's Supplemental Tax Guide. That publication has information to help you determine whether an individual is an independent contractor or an employee. If you incorrectly classify an employee as an...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Business Income</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-business-income.html</link><description><![CDATA[ This chapter primarily explains business income and how to account for it on your tax return, what items are not considered income, and gives guidelines for selected occupations. If there is a connection between any income you receive and your business, the income is business income. A connection exists if it is clear that the payment of income would not have been made if you did not have the business. You can have business income even if you are not involved in the activity on a regular full-time basis. Income from work you do on the side in addition...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, General Business Credit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-general-business-credit.html</link><description><![CDATA[ Your general business credit for the year consists of your carryforward of business credits from prior years plus the total of your current year business credits. In addition, your general business credit for the current year may be increased later by the carryback of business credits from later years. You subtract this credit directly from your tax. Business Credits Energy credit. Reforestation credit. Rehabilitation credit. How To Claim the Credit Useful Items - You may want to see: Publication 954 Tax Incentives for Distressed Communities Form (and Instructions) 3800 General Business Credit 6251 Alternative Minimum Tax - Individuals See...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Important Reminders</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-important-reminders.html</link><description><![CDATA[ Accounting Methods. Certain small business taxpayers may be eligible to adopt or change to the cash method of accounting and may not be required to account for inventories. For more information, see Accounting Methods. Reportable transactions. You must file Form 8886, Reportable Transaction Disclosure Statement, to report certain transactions. You may have to pay a penalty if you are required to file Form 8886 but do not do so. You may also have to pay interest and penalties on any reportable transaction understatements. Reportable transactions include transactions the same as or substantially similar to tax avoidance transactions identified by...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Expenses You Cannot Deduct</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-expenses-you-cannot-deduct.html</link><description><![CDATA[ You usually cannot deduct the following as business expenses. For more information, see Publication 535. Bribes and kickbacks. Charitable contributions. Demolition expenses or losses. Dues to business, social, athletic, luncheon, sporting, airline, and hotel clubs. Lobbying expenses. Penalties and fines you pay to a governmental agency or instrumentality because you broke the law. Political contributions. Repairs that add to the value of your property or significantly increase its life. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Back to Business Expenses &amp;amp;nbsp; Deduct It! J.K. Lasser's Taxes Made Easy for Your Home Based Business Minding Her Own Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Introduction</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-introduction.html</link><description><![CDATA[ The purpose of this publication is to provide general information about the federal tax laws that apply to small business owners who are sole proprietors and to statutory employees. Are you self-employed? You are self-employed if you carry on a trade or business as a sole proprietor or an independent contractor. Sole proprietor. A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation. Trade or...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Additions to Gross Profit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-additions-to-gross-profit.html</link><description><![CDATA[ If your business has income from a source other than its regular business operations, enter the income on line 6 of Schedule C and add it to gross profit. The result is gross business income. If you use Schedule C-EZ, include the income on line 1 of the schedule. Some examples include income from an interest-bearing checking account, income from scrap sales, and amounts recovered from bad debts. &amp;amp;nbsp; Information courtesy of the Internal Revenue Service. &amp;amp;nbsp; Back to Figuring Gross Profit &amp;amp;nbsp; Deduct It! J.K. Lasser's Taxes Made Easy for Your Home Based Business Minding Her Own Business...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Special Rules and Exceptions</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-special-rules-and-exceptions.html</link><description><![CDATA[ Aliens. Resident aliens are generally subject to the same rules that apply to U.S. citizens. Nonresident aliens are not subject to SE tax. Residents of the Virgin Islands, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, or American Samoa, however, are subject to the tax. For SE tax purposes, they are not nonresident aliens. For more information on aliens, see Publication 519, U.S. Tax Guide for Aliens. Church employee. If you work for a church or a qualified church-controlled organization (other than as a minister or member of a religious order) that elected an exemption from social...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Self-Employment (SE) Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-self-employment-se-tax.html</link><description><![CDATA[ The self-employment tax rules apply no matter how old you are and even if you are already receiving social security and Medicare benefits. Who Must Pay Self-Employment Tax? Generally, you must pay self-employment (SE) tax and file Schedule SE (Form 1040) if your net earnings from self-employment were $400 or more. Use Schedule SE to figure net earnings from self-employment. Sole proprietor or independent contractor. If you are self-employed as a sole proprietor or independent contractor, use Schedule C or C-EZ (Form 1040) to figure your earnings subject to SE tax. Self-employment (SE) tax rate. The SE tax rate...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, The Nonfarm Method for Figuring Earnings Subject to Self-Employment (SE) Tax</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-the-nonfarm-method-for-figuring-earnings-subject-to-self-employment-se-tax.html</link><description><![CDATA[ Use the nonfarm optional method only for earnings that do not come from farming. You may use this method if you meet all the following tests. You are self-employed on a regular basis. This means that your actual net earnings from self-employment were $400 or more in at least 2 of the 3 tax years before the one for which you use this method. The net earnings can be from either farm or nonfarm earnings or both. You have used this method less than 5 years. (There is a 5-year lifetime limit.) The years do not have to be...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Kinds of Income</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-kinds-of-income.html</link><description><![CDATA[ You must report on your tax return all income you receive from your business unless it is excluded by law. In most cases, your business income will be in the form of cash, checks, and credit card charges. But business income can be in other forms, such as property or services. These and other types of income are explained next. If you are a U.S. citizen who has business income from sources outside the United States (foreign income), you must report that income on your tax return unless it is exempt from tax under U.S. law. If you live...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Travel, Meals, and Entertainment</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-travel-meals-and-entertainment.html</link><description><![CDATA[ This section briefly explains the kinds of travel and entertainment expenses you can deduct on Schedule C or C-EZ. Table 8-1. When Are Entertainment Expenses Deductible? General Rule You can deduct ordinary and necessary expenses to entertain a client, customer, or employee if the expenses meet the directly-related test or the associated test. Definitions Entertainment includes any activity generally considered to provide entertainment, amusement, or recreation, and includes meals provided to a customer or client. An ordinary expense is one that is common and accepted in your field of business, trade, or profession. A necessary expense is one that...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Accounting Periods and Methods</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-accounting-periods-and-methods.html</link><description><![CDATA[ An accounting method is a set of rules used to determine when and how income and expenses are reported. Your accounting method i the overall method of accounting you use, but also the accounting treatment you use for any material item. You choose an accounting method for your business when you file your first income tax return that includes a Schedule C for the business. After that, if you want to change your accounting method, you must generally get IRS approval. See Change in Accounting Method, later. Kinds of methods. Generally, you can use any of the following accounting...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Bad Debts</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-bad-debts.html</link><description><![CDATA[ If someone owes you money you cannot collect, you have a bad debt. There are two kinds of bad debts, business bad debts and nonbusiness bad debts. A business bad debt is generally one that comes from operating your trade or business. You may be able to deduct business bad debts as an expense on your business tax return. Business bad debt. A business bad debt is a loss from the worthlessness of a debt that was either of the following. Created or acquired in your business. Closely related to your business when it became partly or totally worthless....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Your Rights  as a Taxpayer</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-your-rights-as-a-taxpayer.html</link><description><![CDATA[ The first part of this chapter explains some of your most important rights as a taxpayer. The second part explains the examination, appeal, collection, and refund processes. Declaration of Taxpayer Rights Protection of your rights. IRS employees will explain and protect your rights as a taxpayer throughout your contact with us. Privacy and confidentiality. The IRS will not disclose to anyone the information you give us, except as authorized by law. You have the right to know why we are asking you for information, how we will use it, and what happens if you do not provide requested information....]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Employees' Pay</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-employees-pay.html</link><description><![CDATA[ You can generally deduct on Schedule C the pay you give your employees for the services they perform for your business. The pay may be in cash, property, or services. To be deductible, your employees' pay must be an ordinary and necessary expense and you must pay or incur it in the tax year. In addition, the pay must meet both the following tests. The pay must be reasonable. The pay must be for services performed. Chapter 2 in Publication 535 explains and defines these requirements. You cannot deduct your own salary or any personal withdrawals you make from...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, How To Figure  Cost of Goods Sold</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-how-to-figure-cost-of-goods-sold.html</link><description><![CDATA[ If you make or buy goods to sell, you can deduct the cost of goods sold from your gross receipts on Schedule C. However, to determine these costs, you must value your inventory at the beginning and end of each tax year. This chapter applies to you if you are a manufacturer, wholesaler, or retailer or if you are engaged in any business that makes, buys, or sells goods to produce income. This chapter does not apply to a personal service business, as the business of a doctor, lawyer, carpenter, or painter. However, if you work in a personal...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Other Expenses You Can Deduct</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-other-expenses-you-can-deduct.html</link><description><![CDATA[ You may also be able to deduct the following expenses. See Publication 535 to find out whether you can deduct them. Advertising. Clean-fuel vehicles and refueling property placed in service before 2006. Donations to business organizations. Education expenses. Energy efficient commercial buildings deduction expenses. Environmental cleanup costs. Impairment-related expenses. Interview expense allowances. Licenses and regulatory fees. Moving machinery. Outplacement services. Penalties and fines you pay for late performance or nonperformance of a contract. Repairs that keep your property in a normal efficient operating condition. Repayments of income. Subscriptions to trade or professional publications. Supplies and materials. Utilities. &amp;amp;nbsp; Information...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>The Obama Small Business Rescue Plan</title><link>http://www.smallbusinessnotes.com/small-business-resources/the-obama-small-business-rescue-plan.html</link><description><![CDATA[ The financial crisis is threatening the viability of America's small businesses. In recent months, two-thirds of U.S. banks have tightened their lending standards for loans to small businesses. Thousands of small firms are unable to access the credit they need to pay their workers, produce their products, or finance their inventories for the upcoming holidays - the most important sales season. They are facing the prospect of having to lay off workers, cut back operations or close their doors altogether, even if they have healthy balance sheets and operations. Barack Obama supported the recent financial market rescue legislation to...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>U.S. Senate: Committee on Small Business and Entrepreneurship</title><link>http://www.smallbusinessnotes.com/small-business-resources/us-senate-committee-on-small-business-and-entrepreneurship.html</link><description><![CDATA[ 428A Russell Senate Office Building, Washington, DC 20510 Phone: (202) 224-5175 Fax: (202) 224-5619 Email: webmaster@small-bus.senate.gov Website: http://www.senate.gov/~sbc/ Jurisdiction Small Business Administration (SBA). Any legislation reported by the Committee which relates to matters other than the functions of the SBA, at the request of the chair of any standing committee having jurisdiction over the subject matter extraneous to the SBA's functions, is to be considered and reported by such standing committee prior to its consideration by the Senate. Likewise, measures reported by other committees directly relating to the SBA, at the request of the chair of the Committee on...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>Small Business in the U.S. Congress</title><link>http://www.smallbusinessnotes.com/small-business-resources/small-business-in-the-us-congress.html</link><description><![CDATA[ U.S. Senate: Committee on Small Business and Entrepreneurship Members and Committee Information U.S. House of Representatives: Small Business Committee Members and Committee Information &amp;amp;nbsp;...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>U.S. House of Representatives: Small Business Committee</title><link>http://www.smallbusinessnotes.com/small-business-resources/us-house-of-representatives-small-business-committee.html</link><description><![CDATA[ 2361 Rayburn House Office Building, Washington, DC 20515 Phone: (202) 225-5821 Fax: (202) 225-3587 Email: smbiz@mail.house.gov Website: www.house.gov/smbiz Jurisdiction Assistance to and protection of small business, including financial aid, regulatory flexibility, and paperwork reduction. Participation of small-business enterprises in Federal procurement and Government contracts. Source: Rules of the House of Representatives of the United States, One Hundred Sixth Congress, Prepared by Jeff Trandahl, Clerk of the House of Representatives, October 18, 1999 Democrats Nydia Velazquez, New York - Chairwoman Juanita Millender-McDonald, California William Jefferson, Louisiana Heath Shuler, North Carolina Charlie Gonzalez, Texas Rick Larson, Washington Raul Grijalva, Arizona Michael...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Figuring Gross Profit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-figuring-gross-profit.html</link><description><![CDATA[ After you have figured the gross receipts from your business (Business Income) and the cost of goods sold (How To Figure Cost of Goods Sold), you are ready to figure your gross profit. You must determine gross profit before you can deduct any business expenses. These expenses are discussed in Business Expenses. If you are filing Schedule C-EZ, your gross profit is your gross receipts plus certain other amounts, explained later under &amp;quot;Additions to Gross Profit.&amp;quot; Businesses that sell products. If you are filing Schedule C, figure your gross profit by first figuring your net receipts. Figure net receipts...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 583, Starting a Business and Keeping Records</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-583-starting-a-business-and-keeping-records.html</link><description><![CDATA[ Contents Introduction What New Business Owners Need To Know Forms of Business Sole Proprietorships Partnerships Corporations S Corporations Limited Liability Company Identification Numbers Employer Identification Number (EIN) Payee's Identification Number Tax Year Accounting Method Business Taxes Income Tax Self-Employment Tax Employment Taxes Excise Taxes Depositing Taxes Information Returns Penalties Waiver of Penalty Business Expenses Business Start-Up Costs Depreciation Business Use of Your Home Car and Truck Expenses Recordkeeping Why Keep Records? Kinds of Records To Keep How Long To Keep Records Sample Record System How To Get More Information Internal Revenue Service Small Business Administration Other Federal Agencies Index...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, How To Claim the Credit</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-how-to-claim-the-credit.html</link><description><![CDATA[ To claim a general business credit, you will first have to get the forms you need to claim your current year business credits. In addition to the credit form, you may also need to file Form 3800. See the next discussion to decide whether you need to file Form 3800. Who must file Form 3800? You must file Form 3800 if any of the following apply. You have more than one of the credits listed above (other than the credit for alcohol used as a fuel (Form 6478), the empowerment zone and renewal community employment credit (Form 8844), or...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Insurance</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-insurance.html</link><description><![CDATA[ You can generally deduct premiums you pay for the following kinds of insurance related to your business. Fire, theft, flood, or similar insurance. Credit insurance that covers losses from business bad debts. Group hospitalization and medical insurance for employees, including long-term care insurance. Liability insurance. Malpractice insurance that covers your personal liability for professional negligence resulting in injury or damage to patients or clients. Workers' compensation insurance set by state law that covers any claims for bodily injuries or job-related diseases suffered by employees in your business, regardless of fault. Contributions to a state unemployment insurance fund are deductible...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item><item><title>IRS Publication 334, Where Do I Report Gains and Losses?</title><link>http://www.smallbusinessnotes.com/small-business-resources/irs-publication-334-where-do-i-report-gains-and-losses.html</link><description><![CDATA[ Report gains and losses from the following dispositions on the forms indicated. The instructions for the forms explain how to fill them out. Dispositions of business property and depreciable property. Use Form 4797. If you have taxable gain, you may also have to use Schedule D (Form 1040). Like-kind exchanges. Use Form 8824, Like-Kind Exchanges. You may also have to use Form 4797 and Schedule D (Form 1040). Installment sales. Use Form 6252, Installment Sale Income. You may also have to use Form 4797 and Schedule D (Form 1040). Casualties and thefts. Form 4684, Casualties and Thefts. You may...]]></description><pubDate>November  1, 2010  5:13 PM</pubDate></item></rss>