Archive for the ‘Do I file $0 Income’ Category
Small Business Taxes Filed last year, no earnings this year?
Last year (2008) I did some freelance video work and earned enough that I had to file as a small business. This year I only worked my full time job and did not do any freelance. Do I have to file my small business and say I earned $0 for 2008? The small business is a sole proprietorship.
Larisa’s Response: If you didn’t have any income, the IRS doesn’t consider you to be in business so you would not be required to file a return.
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