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I agree that not too many will want to respond on whether they are paying taxes or not. However, it is true that if you are applying for some sort of credit, you will be asked for either a profit & loss statement for the last 3 years, or possibly you can apply "stated income". But, it has to be verifiable. I have my taxes done and include karaoke as my secondary business. I have a day job, so I have an extra amount taken out of each paycheck to pay for my self-employment taxes. I don't have to worry about quarterly taxes that way, and it hurts a lot less that way. But, you really should get professional help and opinions for your individual circumstances. Daryl.
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