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?

Federal income taxes; Can I deduct things paid for in cash?

Question by SJBrew1: Federal income taxes; Can I deduct things paid for in cash? I run a small home based business. Can I write off supplies paid for in cash if I have the receipt, or do I need a cancelled check /bank statement AND the receipt for a deduction? Best answer: Answer by captn_carrotYes… Continue reading Federal income taxes; Can I deduct things paid for in cash?