http://www.isnare.com/?s=author&a=Kristine+McKinley Business Kristine McKinley Wed, 01 Feb 2012 00:00:00 +0800 http://www.isnare.com/?aid=1308914&ca=Business I've mentioned the new 1099 reporting requirements a couple of times already, but now that it's tax season, and the new IRS Form 1099-K is going to make its debut, it's a good time to review the new 1099 rules. First, some background on the new 1099 reporting rules... A few years ago the Housing A... Finances Kristine McKinley Wed, 05 Aug 2009 00:00:00 +0800 http://www.isnare.com/?aid=394072&ca=Finances Many kids get part time jobs or start companies to earn extra income, especially when they turn into teenagers and they want cars, gas for cars, clothes, etc. Most of them don't give a though to taxes when they get a job or start a business. Some children will need to file a tax return, based on how... Finances Kristine McKinley Tue, 28 Jul 2009 00:00:00 +0800 http://www.isnare.com/?aid=390293&ca=Finances Baby boomers will be retiring by the millions over the next two decades, which leaves many of them wondering about Social Security. They have concerns such as... Will Social Security go "bust" before I can collect my retirement benefits? For decades the media has been telling us that Social Security... Finances Kristine McKinley Tue, 02 Dec 2008 00:00:00 +0800 http://www.isnare.com/?aid=324793&ca=Finances Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money. Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona fide work, and they are compensated fairly. You... Finances Kristine McKinley Thu, 06 Mar 2008 00:00:00 +0800 http://www.isnare.com/?aid=230989&ca=Finances Q: I just started my home based business this year and expect to just break even this year. Do I still need to report my income, even if I don't actually make a profit? Also, what expenses can I deduct? A: You must report all income earned. It's a common misconception that if you don't earn over a c... Finances Kristine McKinley Thu, 28 Feb 2008 00:00:00 +0800 http://www.isnare.com/?aid=155941&ca=Finances If you sell on eBay, or if you have an online business, listen up. There are several tax issues in the news right now that could have a huge impact on the way you do business. The first issue, and the one that is getting the most attention, is Congress's push to get the IRS to force brokers (compani... Finances Kristine McKinley Thu, 28 Feb 2008 00:00:00 +0800 http://www.isnare.com/?aid=158650&ca=Finances The second quarter estimated tax payment is due in less than two weeks (June 15). Do you know if you need to make estimated tax payments? The federal income tax system is a pay-as-you-go tax system. That means you pay taxes as you earn income throughout the year. If you are an employee of a company,... Finances Kristine McKinley Thu, 28 Feb 2008 00:00:00 +0800 http://www.isnare.com/?aid=214955&ca=Finances One of the biggest challenges that many people face when trying to pay off debt is finding money to apply towards their debts. In order to pay off your debt, you have to pay more than the minimum payment, but this can be hard to do when you're having trouble just making ends meet each month. So wher... Finances Kristine McKinley Fri, 11 Jan 2008 00:00:00 +0800 http://www.isnare.com/?aid=159429&ca=Finances There's some debate among financial planners as to the best way to pay down debt. Some say paying the highest interest rate debt first is the best way; others say paying the smallest balance first is the best way. Both methods have advantages and disadvantages, so we'll take a look at both, and help... Finances Kristine McKinley Wed, 09 Jan 2008 00:00:00 +0800 http://www.isnare.com/?aid=214454&ca=Finances Like many people, you may have made a New Year's resolution to get out of debt this year. Have you considered making a resolution to have better credit, along with your resolution to get out of debt? Learning good credit habits will actually help you get rid of and stay out of debt faster, so consid...