What do you think an o/o or independent should PROFIT?
#51
09-17-2008, 08:07 PM
Originally Posted by Rev.Vassago
Originally Posted by no_worries
So you keep saying. Tell me where you get that notion. I've never seen it in print before.
Thank you and have a nice day. 
#52
09-17-2008, 08:08 PM
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,280
Originally Posted by no_worries
So you keep saying. Tell me where you get that notion. I've never seen it in print before.
Money goes into X account. You pay expenses out of X account. money flow in - expenses = profit = taxable income Of course, that's neglecting depreciation, which is goofy IMO.
#53
09-17-2008, 08:16 PM
Originally Posted by BigDiesel
Originally Posted by Rev.Vassago
Originally Posted by no_worries
So you keep saying. Tell me where you get that notion. I've never seen it in print before.
Thank you and have a nice day.
#54
09-17-2008, 08:19 PM
Join Date: Aug 2005
Location: jackassville (winnipeg, mb)
Posts: 3,280
Originally Posted by BigDiesel
Schedule C or C-EZ (Form 1040) – Profit or Loss from Business
Report income or loss from a business you operated or a profession you practiced as a sole proprietor. Also, use Schedule C to report wages and expenses you had as a statutory employee. http://www.irs.gov/businesses/small/...179118,00.html They're talking about two separate businesses, not the same one. In other words, you would not use that form for both being a sole proprietor AND statutory employee. Either one or the other.
#55
09-17-2008, 08:25 PM
Damn, you guys. You know, if you go to Google images, there are naked girls on the internet! I mean, you could polish your tanks, or something. When's the last time you tried tossing M and Ms in the air and catching them with your mouth...something!
#56
09-17-2008, 08:28 PM
I'll try a different tack :lol:
If you're trying to decide whether or not you'd make more as a company driver or an O/O, how would you make the comparison?
#57
09-17-2008, 08:31 PM
Originally Posted by no_worries
I'll try a different tack :lol:
If you're trying to decide whether or not you'd make more as a company driver or an O/O, how would you make the comparison?
#58
09-17-2008, 08:31 PM
Originally Posted by lowrange
Damn, you guys. You know, if you go to Google images, there are naked girls on the internet! I mean, you could polish your tanks, or something. When's the last time you tried tossing M and Ms in the air and catching them with your mouth...something!
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