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[quote=Anonymous][quote=Anonymous]I started a new business in the fall and cannot afford to hire an accountant. It seems like it should be fairly simple to do the taxes myself. I had less than $3,000 in revenue, and probably put about that much into the business to get it started. Prior to starting the business I earned a modest salary working full-time (about 50k). I do not own a home, nor do I have any real assets, so I'm thinking it should be pretty simple. I will be filing a 1040, Schedule C (likely showing a loss), and possibly schedule SE. Just wondering if any experienced small business owners have any tips or tricks of the trade for me. [/quote] Yeah, that's Schedule C. Just don't get too creative. It's also possible the IRS will treat it as a hobby, so be prepared.[/quote]
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