Didnt renew license but has an EIN number

MandCDesign — Tue, 10 Feb 2026 10:32:08 GMT

Hello,

Can I claim expenses that I incurred trying to better my business even if I didnt renew my license(AL resident)?

Re: Didnt renew license but has an EIN number

Vanessa A — Wed, 28 Feb 2024 18:46:11 GMT

Yes, even if you are operating your business without a license , you would be able to deduct the expenses incurred to try to make your business better. This is as long as the expenditure itself is not illegal. So, if you are a drug dealer, you would not be able to deduct the drugs you bought to sell, but you would be able to deduct your mileage because that is a typical allowable expense and driving is not violating any specific federal, state or local laws.

If you would be fined for operating a business without a license, that fine would not be deductible.

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Didnt renew license but has an EIN number

Re: Didnt renew license but has an EIN number