Question by V: Small Business Taxes Filed last year, no earnings this year.?
Last year (2007) I did some freelance video work and earned enough that I had to file as a small business with Turbo Tax Small Business. This year I only had a full time salaried job and did not work any freelance. Do I have to keep filing my small business records and say I earned $ 0 for 2008? The small business is a sole proprietorship and I took some business deductions if that matters.
Answer by Jss
No, if you do not have income and expenses, then you do not need to file schedule C or C-EZ.
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