I am an ILO (independent loan officer) Basically I run my own business under a companies license and name, but i recieve a w-2 at the end of the year for taxes. Being that I am independent i pay for all advertising, business expenses, mileage to meet with customers and so forth, just like a regular business. I have heard that you can not right off expenses though because i am a w-2 employee like you can if you acutually opperate under your own business lic, name, and tax number. What should I be prepaired for in April 07!
2006-08-28
19:13:27
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3 answers
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asked by
Anonymous
in
United States