Question by QUESTION GIRL: Do I Still Need to File Taxes for my Small Business if I DID NOT make any Income?
if i didn’t one red cent for my small business for 08 do i still need to file taxes for the business or whatever
Answer by Tim K
Yes. Even if you made no profit. If you had a loss it may be deductible from income from other sources. I was self employed over 20 years. Some years I had no taxable income from my business.
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