Business Farm Supplement

jude_36
Fri, 14 Mar 2008 13:41:22 +0000

I don’t have the form in front of me, but in general, gross receipts less returns would be a function of the income of the business (you sold $500 worth of tshirts, you paid $100 for the tshirts, your gross profit is $400), while w-2 wages from the business would be what your parents took out in PAYROLL. So if your dad gets a payroll check of $500 per week, that goes in 13d. If it’s an LLC though, or a sole proprietorship it might be different. Hold on and let me look up the form…