<p>I understand that the deductions seem high but they are all legitimate in a construction company with this economy! The bids are for pennies and it’s little return investment. I have hardly any depreciation deduction actually, no self employed health insurance deduction…simply real expenses such as office supplies, taxes, licenses, utilities (not my house), telephone, insurance, and automobile expense! These are directly related to business and I would NOT have any of these expenses without a business. I understand that home office space scenario and automobiles used for personal use etc but they should have some standard of reasoning. Obviously some companies require particular expenses that others don’t. In my opinion, making 100k adjusted gross income, with hardly any business assets, another D in college, and over 400k in capital losses is hardly unqualified for some sort of need based aid.</p>
<p>In other words obviously a self employed construction company with 7 employees is going to have ALOT more expenses than a single man self employed company running from ones own home</p>