GoFuckYourself.com - Adult Webmaster Forum - View Single Post - What happens when an employee deducts as much as he earns?

ilnjscb · 11-22-2013, 08:25 AM

The likelihood of you getting audited if you keep good records and are meticulous is very low at that gross income. There is nothing wrong with taking a loss, however, you cannot deduct insurance premiums if you do.

11-22-2013, 08:25 AM
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,842	The likelihood of you getting audited if you keep good records and are meticulous is very low at that gross income. There is nothing wrong with taking a loss, however, you cannot deduct insurance premiums if you do.