<p>Great advice for future reference. I found it really doesn’t take many deductions for that taxable income to show very little, as deductions in this business are really an every day occurance. The traveling expences alone this year for my d to get to two regional auditions will be major and that’s not even counting what her expenses will entail should she even get a job from one (she better!). Is it common for most summer theatre programs to pay with 1099s?
That’s too bad about the tax rebate, it sounds as if our young working adults are getting left by the wayside.
Now, on a completely different self employment track, is there any way possible to claim rent for a summer cottage as an expense for a cabinet making business?? LOL</p>