Export Finance

Aditya G asked:


I am going to owe the IRS around $350 this tax year.

I have a business, which i couldnt attend to this year and it has $120 in losses and $0 in revenue. Making it a Net Loss of $120.
Out of the $120, $100 was for the business licenses, $20 ebay fee’s.

My question is will i be able to claim this $120 as a deduction on my personal income tax, because i will be filing my business tax with my personal tax.

Export Finance, Export Factoring, International Trade Finance, International Receivables Financing For Commercial Finance Loans – Accountivable Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

sullivan_vl asked:


I am a writer who has filed business write-offs on my personal tax return for 5 years as per the law. I have not made profits in those years. I have been advised by my accountant that tax regulations do not favor my continuing to file business write-off because I have not made a profit so should close out the writing business. How do I go about filing my taxes now? Do I just ignore the past years write offs as thought they were never deductions?

Export Finance, Export Factoring, International Trade Finance, International Receivables Financing For Commercial Finance Loans – Accountivable Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

greg b asked:


I am a small business owner and have been developing my company for the past year. Because I left my previous job to start this business I do not have a current income and because my company only recently officially “opened for business” we do not have a profit line. Do I need to file? What about the business expenses that I incur?

Export Finance, Export Factoring, International Trade Finance, International Receivables Financing For Commercial Finance Loans – Accountivable Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

Eric M asked:


I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes?

Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off?

I see lots of information on how/what to write-off for a home based business, but can’t seem to find anything on what to do when that ends.

Export Finance, Export Factoring, International Trade Finance, International Receivables Financing For Commercial Finance Loans – Accountivable Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.

-·~¹’JET FUEL GENIUS asked:


There is a business in Texas, that charges sales tax on ebay. I have made several purchases on e-bay and as long as i was in a different state, i have never been charged sales tax. I can see charging the tax when its inside Texas.. So what gives?
i figured it out… i used to live in texas so my ebay id profile was linked to texas. so when i made the purchasse it wanted to charge me sales tax. i changed to my current state made purchase again and everything turned out alright,,

Export Finance, Export Factoring, International Trade Finance, International Receivables Financing For Commercial Finance Loans – Accountivable Factoring Loans * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.