I think you are right!

Posted By: babe on 2006-07-09
In Reply to: thanks - curious

I did not have time to choose incorporation as I want to talk to an attorney about pluses and minuses, so chose employee status. One + is paid vacations. My concern is deductions at tax time as I still own my own computer and other equipment, health insurance, etc. on my own and I want to be able to still deduct those things. I do not know what you can and cannot do as an employee still working from home. It is getting confusing. Anyone with info would be gladly appreciated. My husband is also self-employed in home construction business.

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No More Independent Contractors - babe
- I heard this as well... - me
- further info re: SB2399 and IC status - My take on it
  - sounds like Illinois - me
- I incorporated but only after making over 50K year - My take on it
- I work for a company in NY and they had to do this a few years ago. I think sm - AnonEMiss
  - homeowners ins doesn't cover this? *curious* - I even have an HMO for......sm
- I am IL IC and have heard nothing about this. Company is in MO. - nm
- Where did you hear that from? State of - Florida made all
  - I know what you mean- - babe
- I'm an IC but a sole proprietorship..sm - what state are you from *curious*..sm
  - State - babe
    - Thanks Babe for responding....sm - my CPA set me up 10 years ago...sm
- where does that information come from? - curious
  - FYI - babe
    - no liability on IC's because MT's dont' have liability - My take on it
      - Suing MTs - blahblahblahblahblah
  - ICs - babe
    - thanks - curious
      - I think you might want to read up on...nm - sole proprietorships in your state...nm
      - I think you are right! - babe
        If one's biz is small I do not think you can....nm - incorporate.........not sure of course...nm
        Small Business - babe
        It easy being an S-corp - My take on it
        That was me you responded to....sm - my CPA set me up 10 years ago...sm
        What you find out- - babe
        IF this is true, it could be because IRS - thinks a lot of
        May I be nosy and ask what biz your husband... - is in? Curious only....thanks.....nm
        Yes, I will Babe....and also....sm - my CPA set me up 10 years ago...sm

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