Quote:
Originally posted by JugglingReferee
Quote:
Originally posted by whaddayouknow
I'm not one that understands the tax forms, but I use the 1040's Schedule C for self employment.
The only problem I have is that I believe somewhere in the instructions I read that the purpose of self-employment is to make a profit. Are there officials that do that? 
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$1 annually is a profit.
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True, but under the IRS system, that's going to get a closer look from our friends the auditors.