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Question by Linda: Can I claim expenses on my taxes on a home business that is not a licensed business?
I started a home based photography business this year but I have not filed any paperwork, such as DBA, LLC or sole proprietor. Can I still claim income and expenses on my taxes?
Best answer:
Answer by nyteglori
Yes the IRS requires you to report all income – even illegal income. They do not care if you are licensed. You will need to report it on a Schedule C as a sole-proprietor.
Know better? Leave your own answer in the comments!
Thursday Newspaper Review – Irish Business News and International Stories …
BoI said the move builds on its plans to support customers wishing to buy a new home and is "reflective of the very significant role the bank is playing in the Irish mortgage market". "This fund is consistent with our business plans and will act as a …
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