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If he had incorporated, absolutely. From the context of his blog, it seems he didn't.
by gallerytungsten 16y ago
If he had incorporated, absolutely. From the context of his blog, it seems he didn't.
- cheald 16y agoI'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 agoI'm 100% sure. You can deduct all expenses including medical insurance for yourself.
- gallerytungsten 16y agoWhile it's correct that you can do a Schedule C on your personal return, being incorporated makes your position a lot stronger.