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How do I report $0 income for my business and move on to list my business expenses that will be a loss for the year?
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October 10, 2019
9:02 PM
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Business & farm
1) If you're just starting a new business, you generally wait until you actually have income, then list most required prior expenses as 'start-up'.
2) If you had zero income, how do you plan to convince IRS you Had a serious business, and not a futile hobby?
3) What types of expenses did you have with zero income? How long have you been in business? Have you had prior similar business ventures? ...
October 10, 2019
9:59 PM