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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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Confirmed User
Join Date: Mar 2001
Posts: 1,215
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tax help?
my accountant said that if someone fails to pay me, its not a deduction. im hoping this is not true. but, any comments?
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#2 |
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Confirmed User
Join Date: Feb 2001
Location: AZ
Posts: 900
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Thats true but it's not income either
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#3 |
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Confirmed User
Join Date: Jan 2001
Location: o-HI-o
Posts: 7,183
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You have to fill out a profit and loss statement and attach it to your 1040. You're a business now. No more 1040ez's etc. lol Your accountant sounds abit odd since they didn't tell you all of that. Get a good one that knows the ropes or you could pay big time. You already have to pay self employment tax and double social security when the net is your source of income. (just like any other self employment)
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