Owning on biz and taxes

MerdeCat
Rep Points: 365

If you only started your own business toward the end of the year, do you really do anything differently with taxes for 07? I will report the income, but I think I didn't make much by the time you count investments.

Jeremy
Rep Points: 1125

Well you probably need to file taxes for the business at least. What kind of business is it? Did you register your business with the Secretary of State and apply for a tax id number?

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