There is no requirement to notify the IRS that you are stopping your sole proprietorship.
You can simply stop including a Schedule C with your Form 1040 when the business becomes inactive and is without income or expenses for an entire tax year.
There is no requirement to notify the IRS that you are stopping your sole proprietorship.
You can simply stop including a Schedule C with your Form 1040 when the business becomes inactive and is without income or expenses for an entire tax year.
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