Notice: compact(): Undefined variable: limits in /home/tvo55te2td7d/public_html/ on line 821

Notice: compact(): Undefined variable: groupby in /home/tvo55te2td7d/public_html/ on line 821

Warning: count(): Parameter must be an array or an object that implements Countable in /home/tvo55te2td7d/public_html/ on line 399
One comment
  1. Assuming you are operating as a sole pohsrietorprip, you should file both incomes together. However, if you are a sole pohsrietorprip, the income flows through to you as regular income and you will need to pay Social Security taxes on the income, unless you are over the income limit on your day job. Don t forget you may be able to take deductions for office space used in your home for the business as well as deduct certain expenses (travel, supplies, etc.). If the business is successful, you probably need to hire an accountant. Was this answer helpful?

Add Comment

Required fields are marked *. Your email address will not be published.