Tax question: Oregon business owner?

A

Angela C

New member
I work full time for a company making about 32k per year. My partner and I are also starting a business. After having to dish out around 12k so far this year I expect that I will end the year with about -5k as a first year business owner. I was told that I could file exempt through my regular employer if I have taken a loss from my business. Is this true?
 
"exempt" on your W-4 is only possible if a) you didn't owe in 2008 and b) you don't expect to owe in 2009.

It does not appear that you would meet these tests.
 
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