Inactive business, did not file for it last year

TAKeat — Tue, 10 Mar 2026 06:50:16 GMT

I have a business that I did not work on in 2020, 2021 or 2022. I did not file taxes for it those years. I never got advised if that was the correct action. Is it okay to continue not to file.

Thanks!

TAKeat

Re: Inactive business, did not file for it last year

Anonymous_ — Wed, 16 Nov 2022 21:33:09 GMT

@TAKeat wrote:

I never got advised if that was the correct action. Is it okay to continue not to file.

Is this a sole proprietorship (where you would ordinarily file a Schedule C)? If so, then filing would not be necessary assuming you have no deductions (such as assets being depreciated or other expenses).

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Inactive business, did not file for it last year

Re: Inactive business, did not file for it last year