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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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