i posted the question below. if 14,300 if profit, how do i decrease how much i pay in taxes. is it to late to setup type of corporation or something? thx
http://answers.yahoo.com/question/index;.
Answer:
You got all the information necessary in your previous answers, especially the part about getting a business license. That way you prove you're a business, and can take deductions.
See a tax accountant to see what deductions you can take to reduce your taxable (profit) income. You'd be surprised what you can take!
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