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Thank you again for your time and advice! I really really appreciate it. Hoping to be able to capture great images and publish them on National Geographic and other well known magazines :).
Yes, nature photography is addictive. I guess nobody can be Ansel Adams :). It sounds like you made the right decision by going to law. For me, I am trying to go to photography (full-time if possible) after many years working as an IT professional. If I had saved a lot of money, I did not have...
quincy, glad to be back and thanks for taking the time to respond to my post. AdjusterJack and Taxing Matters were great. Thanks for your advice and the link. I will go over the info in the CJR website soon. Reading here and all over the Internet and also watching a lot of YouTube video, the one...
Thank you so much for taking the time to provide a very detailed answer/explanation. I had to read a few times and I am still trying to understand everything. Also, when it comes to the Tax, the IRS does not make it easy and straightforward.
I am also glad to hear that you were a freelance...
Thank you so much AdjusterJack! I appreciate your time and advice. I do have a checking account for my LLC, but did not have much money in the account, so I used my personal debit and credit card to purchase the camera lenses and camera bodies. I hope I can still claim the equipment expenses.
What is the name of your state? UT
Hope this is the right section for this question. It may fall under Tax section too, but I will start here first.
I registered an LLC back in 2016 as my wife and I are the owners.
There was no income or loss (basically did not do any business), so we never...
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