topic Can you file business expenses and taxes if you do not have a business license such as an LLC or sole proprietorship? in Business & farm

Can you file business expenses and taxes if you do not have a business license such as an LLC or sole proprietorship?

langhorne-jessic — Sat, 01 Jun 2019 07:31:27 GMT

I am looking into getting a business licenses but can I still claim all my years taxes from before I got the official licenses? Also, if I do not have a business license can I still claim taxes for it?

Yes, you can still report your business income and expens...

Patrice — Sat, 01 Jun 2019 07:31:27 GMT

Yes, you can still report your business income and expenses on your taxes even if you don't have a business license. It doesn't matter about licensing as long as you were operating your business with the intent to earn a profit then you can deduct the expenses. You'll need at least TurboTax Self-Employed (online) or TurboTax Home & Business (desktop version), to report your business income and expenses in the business section of that program.

Do I need a EIN to file my business expensive too?

y098 — Sat, 01 Jun 2019 07:31:30 GMT

Do I need a EIN to file my business expensive too?