LOL. The silly questions that need to be asked.
I think you'd do great with a shoe store. You can call it 1,000 Laces.
________________________________
From: artshow_photo@yahoogroups.com [artshow_photo@yahoogroups.com] On Behalf Of Maria Arango Diener [1000woodcuts@gmail.com]
Sent: Thursday, December 16, 2010 4:57 PM
To: artshow_photo@yahoogroups.com
Subject: RE: [artshow_photo] Newbie question re Federal Income Tax on startup photography business
Yep, thanks for bringing it up! LOL
The IRS agent actually asked me the following question:
"Why do you sell woodcuts? Why not something proven, like women's shoes?"
Surreal...nightmares...brrrrrr...women's shoes???
Maria
[=o=]<>[=o=]<>[=o=]<>[=o=]
www.1000woodcuts.com
www.artfestivalguide.info
[=o=]<>[=o=]<>[=o=]<>[=o=]
>The first one will look at 5 years of business and in order
> for you to be a business you need to show a profit in at least 3 of
> those. Now you may run a legit business but that still might not
> happen. In that case you basically need to defend yourself to the IRS,
> justify yourself business to the IRS. I think Maria had to go through
> this. If anyone has her book I believe she talks about having do this
> during her audit.
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