OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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So, O wise and powerful business expert, what form should he be filing? Be specific.
One that insulates his personal assets from his restaurant.
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So, O wise and powerful business expert, what form should he be filing? Be specific.
So, O wise and powerful business expert, what form should he be filing? Be specific.
So, O wise and powerful business expert, what form should he be filing? Be specific.
He can't answer because he knows I am right. You file a 1040 individual tax return and you report your small business gains and losses on the appropriate schedule. There is not a separate form for small businesses and small businesses do not file a separate return.
Now he is busy trying to spin up a straw man about legal liability which has zilchola to do with filing tax returns. This, after his previous straw man of 'mingling monies' was torched and burned. Apparently, my keeping meticulous records of my personal expenditures related to my business so I can write them off and save thousands on my tax liability, is the totally wrong way to do it... but he won't tell me what magical form I am supposed to be using.
Liability is 'straw man.' Now I've heard everything
Liability is 'straw man.' Now I've heard everything
Yes, in a conversation about filing tax returns, it is a straw man. Now, a smoldering one.
Liability is 'straw man.' Now I've heard everything
Yes, in a conversation about filing tax returns, it is a straw man. Now, a smoldering one.
OK. You NEVER inter-mingle personal and business assets, even in a tax return.
Your concession is noted.