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Pre-event user questions for Barbara Weltman

SBOCTeam — Tue, 26 Feb 2008 16:54:06 GMT

If you have tax questions, she has answers. Join Barbara Weltman, one of the nation's leading authorities on taxes and small business, as she appears live on the Small Business Online Community, Wednesday, March 5^th^ from 2 PM Eastern until 5 PM Eastern. Barbara will be on the site answering questions community members have about business taxes. Remember in order to ask a question, you must be a member, so sign up today if you haven't already; it's free and easy.

About Barbara:

Barbara Weltman is a contributing writer for Inc.com, PINK magazine and New York Enterprise Report, and is a sought-after media commentator who has been featured in The New York Times, The Wall Street Journal, The Washington Post, Reuters, Forbes.com, Marketwatch.com, WABC-TV, Fox News, CNNRadio and CNBC. Barbara is also a top selling author and has written the titles "The Rational Guide to Building Small Business Credit" which features a foreword by Dun & Bradstreet, "J.K. Lasser's Small Business Taxes" and "The Complete Idiot's Guide to Starting a Home-Based Business."

The SBOC Team will take advance questions all this week from users who want to pose a question to Barbara. If you have a question for Barbara, post it here and then check back with the site on March 5^th^ from 2-5 PM Eastern or anytime after that for Barbara's response. You can also pose a question to Barbara anytime during the event hours on March 5^th^.

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

SBOCTeam — Wed, 05 Mar 2008 21:30:12 GMT

Hi lalithabrahma,

Great question - There is an article on the homepage that Barbara has written called "Changing to the Type of Entity That's Right for You" that provides insight to your question.

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

lalithabrahma — Wed, 05 Mar 2008 21:08:34 GMT

HI Barbara

Thanks for your wonderful input. I had posted this question and awaiting your response.

Thanks

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

SBOCTeam — Wed, 05 Mar 2008 19:23:49 GMT

View this thread "Live Q&A with Barbara Weltman from 2-5PM Going On Now!" to see Barbara's answers

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

mcffegroup888 — Wed, 05 Mar 2008 19:21:38 GMT

how we can see the answers based on the forums questions?

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

rusty50 — Wed, 05 Mar 2008 19:07:47 GMT

HI BARBARA - I have an insurance business & I own my building. I recently added a 1650 sq foot addition on the building. Can I expense any of the costs related to this building addition on my income taxes?? For example, can I expense permit fees, architect fees, or surveying fees??

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

Joseph — Wed, 05 Mar 2008 18:47:48 GMT

Dear Barbara,

I want to find out how can I file my income tax this year if I don't have a 1099 from my last employer. Can I just claim the money I deposited in my bank account? How can I do this filings? What would be the ramification on my part without having a 1099?

Thank you,

Joseph

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

lalithabrahma — Wed, 05 Mar 2008 18:29:39 GMT

Hi Barbara

I understand a business owner opearting as Single member LLC cannot be an employee in the company. Is it beneficial to elect a Single member LLC in NJ as an S Corp ? Can you explain some advantages both from liablity/legal and tax point of view?

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

daddave — Wed, 05 Mar 2008 15:54:54 GMT

Your books are great and I have all of them from Lasser, but as a self employed independent contractor, where is the goverment publication or regulation that specifically lets me write off temporary away from home expenses at the GSA rate for 2007 or 2008 in the area that I am working. There is a lot of information for the employee to use per diem, but how can I use the equivalent as my expense if the company I am working for has no plan in place (they are in early start-up mode and I got my 1099 late which showed the full income with nothing for expenses). I had asked them to separate my expenses so they would not be taxed, but it did not happen.

Re: Join Barbara Weltman on the SBOC March 5th from 2 � 5PM EST

SBOCTeam — Wed, 05 Mar 2008 15:19:53 GMT

Community members, don't forget - today at 2:00 PM Eastern, Barbara Weltman will be live on your Small Business Online Community, answering your questions about business taxes. You still have time to post an advanced question on this thread and of course Barbara will take as many questions as possible during the event starting promptly at 2:00.