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<p>[QUOTE="CamaroDMD, post: 1862433, member: 5233"]Now, different states and entities have different laws. My guess would be (and this is a guess)...since you are a sole proprietor and thus have no tax protecting entity, any income derived from that business should be treated like a second job. If I have a job that pays $50,000 a year and a side job that pays $5000...I pay taxes on $55,000 of income. Just because the second job doesn't yield more than $6100...doesn't mean that it isn't taxed. It's your total income.[/QUOTE]</p><p><br /></p>
[QUOTE="CamaroDMD, post: 1862433, member: 5233"]Now, different states and entities have different laws. My guess would be (and this is a guess)...since you are a sole proprietor and thus have no tax protecting entity, any income derived from that business should be treated like a second job. If I have a job that pays $50,000 a year and a side job that pays $5000...I pay taxes on $55,000 of income. Just because the second job doesn't yield more than $6100...doesn't mean that it isn't taxed. It's your total income.[/QUOTE]
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