Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
Quick question here,
If I’m running my own side business while also working a regular 9-to-5 at a company, does the IRS combine both incomes when calculating my tax bracket? Also, can I use net operating losses carried over from previous years to offset my self-employment income dating back to 2014?
If I’m running my own side business while also working a regular 9-to-5 at a company, does the IRS combine both incomes when calculating my tax bracket? Also, can I use net operating losses carried over from previous years to offset my self-employment income dating back to 2014?