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Write-off Business Expenses for Unregistered Business
I started a side business last year fixing computers, networks, devices, etc. My clients are 100% through word-of-mouth. I do not have a website or business cards. All business transactions are cash.
The business is not my primary source of income, I have a W2 from my job for that. However, the business has been giving me some extra cash. The business is not registered as an LLC or anything else making it a 'legitimate' business. It's just something I do on the side.
I wanted to claim the income on my taxes, and also write-off expenses. Will it be a problem to claim the income and write-off the expenses considering I have no 'legal' documentation proving the nature of the work.
The business is not my primary source of income, I have a W2 from my job for that. However, the business has been giving me some extra cash. The business is not registered as an LLC or anything else making it a 'legitimate' business. It's just something I do on the side.
I wanted to claim the income on my taxes, and also write-off expenses. Will it be a problem to claim the income and write-off the expenses considering I have no 'legal' documentation proving the nature of the work.
‎June 5, 2019
3:00 PM