Thread: tax forms?
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Old 2006-03-10, 01:26 PM   #12
RedCherry
Of all the things I've lost, I miss my mind the most.
 
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Join Date: Apr 2004
Location: Middle of the Desert, Pahrump, NV
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Quote:
Originally Posted by Boogie
do you guys do any um, special accounting in this area?

why oh why did i lose that box of check stubs

for what its worth, last year was the very first year I ever had trouble getting 1099 miscs from companies.
Boogie, depending on your income, I SERIOUSLY suggest considering incorporating. Your corporate tax rates are lower than personal tax rates, you have a hell of a lot more write offs, plus a lot of other benefits. Anything you put on schedule C the IRS can come back later and disallow, which could be a potential pain in the butt.

I keep corporate records in Quick Books. If you haven't kept records, maybe you could sign up for something like stats remote, add all your sponsors in as sponsors from 1/1/05, and it will check all your stats, then show you yearly totals of income. Just a though.

This is my accountant, who helped me incorporate, and I recommend.
http://www.corporateonesource.com His name is Larry, good guy.
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