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I'm curious though- could have all of this been fixed by filing and saying, "look, our expenses 100% meet our income... no tax burden!"?

• gallerytungsten 16y ago
  If he had incorporated, absolutely. From the context of his blog, it seems he didn't.
  • cheald 16y ago
    I'm pretty sure you don't need to incorporate to take deductions on self-employment expenses. Self-employed income isn't just a free ride to a kick in the balls - if you're paying that extra 15%, you get to take expenses as deductions. If it's low-level income that is just covering expenses, you're not going to owe the IRS a dime.
    • ars 16y ago
      I'm 100% sure. You can deduct all expenses including medical insurance for yourself.
    • gallerytungsten 16y ago
      While it's correct that you can do a Schedule C on your personal return, being incorporated makes your position a lot stronger.