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Author: Barbara Weltman

Barbara Weltman is the founder of Big Ideas for Small Business, Inc. , which publishes Idea of the Day® and the e-newsletter Big Ideas for Small Business®. She is an attorney, a trusted professional advocate for small businesses and entrepreneurs, and a prolific author of important books such as J.K. Lasser’s Small Business Taxes and Home Business Magazine’s Home-Based Business Start-Up Guide. She also serves on the advisory board for the Small Business & Entrepreneurship Council. Follow her on Twitter @BigIdeas4SB.

How Do You Report Sales of Inherited Stuff Sold Online?

September 13, 2022 Barbara Weltman

Tax

What do you do if you fear IRS scrutiny for selling items you inherited? Tax guru and small-business expert Barbara Weltman, founder of Big Ideas for Small Business, Inc., delved into this issue for those […]

What You Need to Know About 1099-K

February 8, 2021February 8, 2021 Barbara Weltman

Tax

Merchants who sell products online and/or in bricks-and-mortar stores may receive a statement from their payment processor called Form 1099-K, Payment Card and Third Party Network Transactions. There is much confusion about the form and […]

Should Online Sellers Incorporate?

April 13, 2019April 13, 2019 Barbara Weltman

Online seller at work

If your selling activities on eBay, Etsy, or other online venues are a business for you, consider whether to take the legal step of incorporating. Here are some compelling business and tax reasons why this […]