Question for DU small business people.

[Yonnie3]

6. Very small sole-proprietor sees no benefits.

There may be a write off which reduces income taxes, but it is unclear if it would apply to this particular pass though business. Without knowing the details, planning has not been made. The last I checked, guidance has not been issued by the IRS. I suspect whatever they issue will end up in court.

It appears that many forms will be different and some expenses not allowed. There is uncertainty whether or not health insurance will be a write off and so forth. Extra unproductive time will be spent learning the new way.

Red tape for compliance with DOT has increased.

Edit to add: There are no employees. This is a part of the gig economy. Gigs in this case for the most part actually are performances.