If I don't claim any expenses will that hurt me? I started to claim mileage and the amount of my refund went down significantly

heathershomebiz · ‎February 1, 2020

AnnetteB6 · ‎February 2, 2020

Yes, it could hurt you. You are required to accurately claim all income and expenses for your self-employed business reported on Schedule C.

It would be unethical and considered tax fraud if you only reported your income in order to maximize your refund due to tax credits.

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AnnetteB6 · ‎February 2, 2020

Yes, it could hurt you. You are required to accurately claim all income and expenses for your self-employed business reported on Schedule C.

It would be unethical and considered tax fraud if you only reported your income in order to maximize your refund due to tax credits.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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