Question by nu_girlie: How will claiming a loss on my taxes affect my business standings? I run a home based direct sales business. In my first 2 years I claimed losses on my taxes, my third year I broke even; however this year I may be showing a loss again. In the state of Massachusetts… Continue reading Q&A: How will claiming a loss on my taxes affect my business standings?
Tag: Business
I had no 2007 income to claim for my self-empl business, can I still claim writeoffs from my home office?
Question by Calvin: I had no 2007 income to claim for my self-empl business, can I still claim writeoffs from my home office? Basically, I got a job workin’ “for da man” but I still want to keep my options open for keeping my self employed / home based consulting business. It would be nice… Continue reading I had no 2007 income to claim for my self-empl business, can I still claim writeoffs from my home office?