Really, I'm not xenophobic!!! It's just boring tax questions that nobody outside the U.S. would be interested in! As some may recall, I'm new to this. Just starting out, there are a lot of things to buy--some can wait until the need arises, but others, such as the horribly expensive center pin stuff, the cool damper wire bending pliers, etc., I need to practice with BEFORE the need arises. How have some of you others dealt with the IRS. Capital expenses, or deductable? As I understand it, the IRS considers you a "Piano Technician" as soon as you've been paid for services, however unqualified you may be to render those services. I know several people who will pay me to get me "in business", but then how should I handle these initial expenses?
This PTG archive page provided courtesy of Moy Piano Service, LLC