Question by rothchristian: Home-based Business. What if I have next to nothing coming in for how much I am deducting in taxes? I am looking into setting up a home based Business as a part time thing. I have a day job and I would like to do this music endeavor on the side. I… Continue reading Q&A: Home-based Business. What if I have next to nothing coming in for how much I am deducting in taxes?
Tag: taxes
If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?
Question by moopoo55: If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties? Let’s say that I’ve calculated most of the 2003 year and have concluded that I didn’t owe any taxes for 2003 and 2004 but instead am due a refund. I’m working… Continue reading If I have a small home-based business and I have not filed any taxes in 3 years, what are the penalties?