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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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Old 03-11-2001, 01:12 AM   #1
MrBrian
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Join Date: Mar 2001
Posts: 1,215
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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Old 03-11-2001, 01:16 AM   #2
hottshot
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Join Date: Feb 2001
Location: AZ
Posts: 900
Thats true but it's not income either
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Old 03-11-2001, 01:41 AM   #3
Gemini
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Join Date: Jan 2001
Location: o-HI-o
Posts: 7,183
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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