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Business & farm
Business Coaching is a legitimate expense. Unfortunately, self-employment deductions with zero income is highly audited by the IRS- mainly because it becomes a loss that offsets other income so it decreases your total income. That being said, it is not insurmountable but with caveats- if you do in fact show future income you will have less issues than if it never materializes.
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March 29, 2020
5:55 PM
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