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| *Loan,banking and credit>>>tax advice |
Small buisness owner needs TAX advice? |
I haven't made but $8,000 for this year (for a host of reasons, mostly due to illness) and was wondering if I even have to file having made so little. What do I do? You say that you're a small business. If you have $400 or more in Self Employment income you must file and pay any tax due. If your income is less than $8,450, the only tax that you'll owe is the 15.3% SE tax on the net income from your business. You must file. You could try using some online tax services listed here with special offers http://www.redtagdeals.com/tax_preparati... Yes you do. You probably don't owe any income tax, but would owe self-employment tax. With self-employment income, you have to file if you had over $400. |
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