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Raven · 12-26-2003, 10:27 PM

The IRS is now categorising Internet businesses.

Whether you're service oriented or whatever, there are now identifiers.

As an 's' corp, we itemise everything...from coffee to toilet paper...since our office is in our home, we get to deduct a percentage of our living space and the food we buy....paper towels, office supplies...etc...

Get a good tax preparer..doesn't have to cost an arm and a leg..but, if not incorporated..paying sole proprietorship is the highest of the tax brackets.....

There's no escape from taxes. Sooner or later, the IRS finds you; and, while they seem to be kindler and gentler, they still want what they think is theirs.

12-26-2003, 10:27 PM
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	The IRS is now categorising Internet businesses. Whether you're service oriented or whatever, there are now identifiers. As an 's' corp, we itemise everything...from coffee to toilet paper...since our office is in our home, we get to deduct a percentage of our living space and the food we buy....paper towels, office supplies...etc... Get a good tax preparer..doesn't have to cost an arm and a leg..but, if not incorporated..paying sole proprietorship is the highest of the tax brackets..... There's no escape from taxes. Sooner or later, the IRS finds you; and, while they seem to be kindler and gentler, they still want what they think is theirs. __________________ Raven ~RETIRED~