Qustion on gross vs. Net income

[Lajazz947]

I just did my 2007 taxes, very complicated and lots of deductions for business expenses.

My 2008 looks like a good year but STILL my net after taxes and business expenses is MUCH lower than the gross.

Is income only gross income or do they take into account the deductions that make up the net income on tax returns.

If not then I might be in trouble here or i might have to delay filing and time it perfectly to make it work.

[fltoo]

Laj, your business income is most definitely figured after your expenses.

I, not familiar with the BK paperwork, just don't know if you put the expenses on your business financials or on the BK forms.

Did anyone chime in on your other thread when we asked about this? I have not checked.