That is right PMueller. Your going to need one.
Hooper and I have discusses this last month. It is called a TWIC. Tranpotation workers identification credential. Basically another $130 tax
. You can go online and make an appointment at the nearest TSA office to you. It really shouldn't apply to the small boat charter crowd however if you have a USCG license you are suppose to have one. Mine is pending at his time 6-8 week TSA backlog. I need it for my real job and chartering.
Hey, it is another deduction.......
Zacs,
Yes you have to keep good tabs. You do have to show a profit every so many years. On years when you are in the red and have to show a profit it is all creative book keeping. Not to mention the whole charter operation business is a partly a cash business. I have even seen short ads stating bring cash.....that isn't just because someone doesn't trust your check.