Industry: Financial services

Does my side job get tax breaks?

September 5, 2008: 10:56 AM ET

Tom Day, Baker, La.
I'm 66 and will be self-directing an IRA to generate income. I understand the IRA cannot be a business. But, I will need a computer, software, travel to attend investing seminars, and a host of other expenses in order to self-direct it. Can any of these be business deductions?


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    Michael Pruet, Birmingham, Ala.
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    Aug 12, 2008 9:39 AM ET
  • Should I renew my LLC, or start a new one?

    Kelly, Eugene, Ore.
    I'd like to start a real-estate investment business. I don't want to fund it with my own credit/name. I'd like an LLC or S-corp. I started an LLC in 2003, but let it expire. I can renew it for $250 or start a new one for about $50. Would it be worth the extra money to renew? Would I have a better chance in getting funding from MORE

    Aug 5, 2008 11:33 AM ET
  • The right licenses for a loan business

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    Lacy Taylor, Charlotte, N.C.
    I have a business license for PC repair. I have been making small loans to some of my customers and charging interest. Do I need another license for this in Mecklenburg County, North Carolina?

    Jul 29, 2008 3:34 PM ET
  • What an LLC does - and doesn't - protect

    LLCs shield their members from legal claims, but the company itself still carries liability risks.

    Angela J. Thomas, ATM Investments, Baton Rouge, Louisiana
    I am just starting out in the investment world and am still a bit green in understanding certain things. I purchased two investment properties in 2004 and am renting them out. This year, I created an investment LLC for them. My questions is, although I have the MORE

    Jul 17, 2008 11:36 AM ET
  • Growing your business in Denver

    John asked FSB about growing his financial services business in Denver. Do you have any advice on how John can grow his business?

    Mar 3, 2008 9:06 AM ET
  • Finding health care for your employees

    Gaston Roberti is seeking health insurance options for his three employees. How have you arranged coverage for your small business?

    Jan 3, 2008 11:31 AM ET
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