i paid for a local business license in 2015 and did some work. Then in 2016, I bought no license and did no work. I claimed the money i made in 2015 on my taxes. Do I still need to file taxes in 2016 with my business?
You need to report your business as "sold or otherwise disposed of".
Once you have done all the above, that will make the 2016 tax year the last year you will file a SCH C for this specific business.
Do you plan on continuing the Business or are do you want to close it out?
I want to get a Wyoming Low Voltage Contractors License and start doing side work again but, I didn't do any work after I found out in 2015, that I had to have a license to do the work. As I already have a full-time job, this doesn't have any immediate need.
You need to report your business as "sold or otherwise disposed of".
Once you have done all the above, that will make the 2016 tax year the last year you will file a SCH C for this specific business.