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<p>[QUOTE=&quot;imrich, post: 1861797, member: 22331&quot;]Tim, In my opinion you are &quot;in over your head&quot;, and naive. You have done what was necessary to satisfy the desires of your supplier, and. nothing further should be needed if you&#039;ve acquired the forms they&#039;ve requested.</p><p>I recommend that you start your business as a sole proprietor using schedule C for reporting until you learn the rules for IRS reporting. You can acquire the specific instructions for Schedule C by contacting your local IRS office by phone. You should acquire the publication 17 also, which will help you to understand the book-keeping/tax-filing process.</p><p>You don&#039;t need an accountant to operate a business, but you must learn the basic rules business activities, which can be learned by reading appropriate free government documents.</p><p>I&#039;ve read some of the advice advanced by disinterested parties on this site, your naive understandings, realizing that this venue isn&#039;t a reliable source for tax information, and that you need some government documents to read. Be forewarned that many government rules change annually, and that you may be broad-sided as many of my associates were in 1986 when the government completely changed depreciation rules.</p><p>I&#039;m warning you, as the IRS is an isolated entity, immune from civil litigious processes/practices. You could acquire the education of my next door neighbors, who were arrested in the middle of the night by a IRS government SWAT team, where the wife is in jail, and the husband is free to earn money for government penalties repayment. Willie Nelson, Wesley Snipes, and many other prominent individuals with teams of book-keepers, accountants, attorneys, etc. learned of IRS rules, and a similar educational process.</p><p>JMHO[/QUOTE]</p><p><br /></p>

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