I don't know if that soup made you feel better Dubz, but it sure made me hungry looking at it.
This song was shared by our pal GSO in my music thread... give it a listen :thumbup:
[video=youtube;hWvJABzfNfU]http://www.youtube.com/watch?feature=player_embedded&v=hWvJABzfNfU[/video]
JT - Thanks for the thumbs up! I am pretty proud of my daughter!
Also finally got back home from my 9 weeks in El Paso. Along with all the other mail, there was a nice package from the Tradewaters.
View attachment 487087
One of those nice drawstring bags from Kay, a paracord bracelet, and a thank you note for the gathering sausage. Thanks to Mr and Mrs Trade!
Them Trades are good people.Also finally got back home from my 9 weeks in El Paso. Along with all the other mail, there was a nice package from the Tradewaters.
View attachment 487087
One of those nice drawstring bags from Kay, a paracord bracelet, and a thank you note for the gathering sausage. Thanks to Mr and Mrs Trade!
Thanks for the well wishes guys.
Had a happy, healthy little boy. 7lbs, 12oz.
Now let the fun begin! Lol. Wow! What a day...
I tried talking Dex into giving me his last parangatang.... I guess the "giving" part was the problem
I shall have one eventually.
On another note Julio somehow talked me into buying the WorldwoodKnives.com domain.... So now i own a domain that i have no idea how to setup. I cant even figure out how to put a picture on the page, or see the page... Or yea. Best 13 dollars i ever spent
-snark.
LMAO!! He does make it hard to get open!!
Nope he didnt tell me that. But like i said i dont plan on selling anything from the website. I may eventually put up an info page but thats it. Just owning the domain name doesnt require having a tax id number.
I have read paypal requires the same thing once you go over 20 grand OR 200 transaction in a year or something like that. But thats a federal law not specific to paypal.
Technically i think Under current law, if you're making even as much as $1 doing anything, the tax authorities don't care if it's a hobby or a business--they want their money. They'll view you as being self-employed, you'll have to report your earnings as income, and you'll have to pay taxes on that income. Under a long-standing IRS rule, you're considered a "business" if you made any profit in three of the past five years, including the current year.
Your exactly right, just because you own a domain does not REQUIRE a tax I.D. and for what its worth, I am impressed WW, you have researched it. It was just a suggestion, and here's the reason I did. Even if your are legitimate in your earning and complaint will all the laws. It doesn't mean the IRS will not crawl in your ass if they think you owe them a nickel. Right or wrong, your always wrong in the eyes of the IRS. Even if you prove yourself, it doesn't mean its not going to be a headache for you. Things are easier if you just take the necessary precautions beforehand. That's all I was trying to suggest.
Technically i think Under current law, if you're making even as much as $1 doing anything, the tax authorities don't care if it's a hobby or a business--they want their money. They'll view you as being self-employed, you'll have to report your earnings as income, and you'll have to pay taxes on that income. Under a long-standing IRS rule, you're considered a "business" if you made any profit in three of the past five years, including the current year.
WW - Congrats on moving forward.
Make sure and keep all your receipts for everything - sandpaper, files, oil, steel, steel wool, respirator mask refills, heat treatment, shipping, anything else you buy for working on your steel. It's all tax deductible if you end up selling anything.
I keep a separate receipt folder for each one of my "businesses" and log all receipts into their appropriate spread sheets on a weekly basis. I keep duplicate spreadsheets - (one for each type of business i.e., beekeeping, insurance sales, crafting, etc for tracking how I'm doing in each segment.) and I have a consolidated spread sheet with the info for each Schedule C line item. That way, when I go to fill out the tax paperwork for the IRS, it's all ready to go and I just go down the line.
I-ANAL