Question by Larry: how many exemptions may I claim from my job W4 if I have expenses from a side business? According to what I’ve read; if one (single person) has an income from a job AND a home-based or small business (with IRS assigned EIN) – that person may include additional exemptions on their… Continue reading how many exemptions may I claim from my job W4 if I have expenses from a side business?
Tag: expenses
Can I claim expenses on my taxes on a home business that is not a licensed business?
Question by Linda: Can I claim expenses on my taxes on a home business that is not a licensed business? I started a home based photography business this year but I have not filed any paperwork, such as DBA, LLC or sole proprietor. Can I still claim income and expenses on my taxes? Best answer:… Continue reading Can I claim expenses on my taxes on a home business that is not a licensed business?