First, good luck Loren, since it was your IRS thread that got me thinking about this.
I am thinking 2006 will be my first year for keeping track of any expenses I may have doing my photography. Not knowing a lot on that end of it, do I need to incorporate myself, or how should I do things as far from a business end.
I know that there have been some changes in the small business realm where you can take as long as five years, I think, to show a profit. If I do this, I just want to make sure that I am doing it all correctly.