Many customers didn't pay me after I delivered the product(s). I was my biggest customer. I didn't charge order processing fees/taxes sometimes. I have a full-time job & this was suppose to be for fun & to buy for myself primarily.
2007-03-14 15:06:24 · 5 answers · asked by Miss Kelly 4 in Business & Finance ➔ Careers & Employment
You can file a loss, I believe when you are trying to start a business you can file a loss for two years even. So file, but maybe you'll get extra money back for going in the hole.
2007-03-14 15:18:53 · answer #1 · answered by zeebarista 5 · 0⤊ 0⤋
Since you did not make any money there is no reason to file taxes on something you ended up buying. Should you have had a start up fee that was paid in full you can include that in your tax preparation. Explaning as well you made no money off this.
2007-03-14 22:17:49 · answer #2 · answered by Samantha 4 · 0⤊ 0⤋
Did you get 1099?
If yes, then you need to include whatever it has. The IRS received a copy already.
If no, I would not sweat it.
2007-03-14 22:20:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sold and didn't make money..
When did it occur to you to stop?
IRS would not know you worked for avon.
2007-03-14 22:32:26 · answer #4 · answered by cork 7 · 0⤊ 0⤋
I would to be safe the IRS are big meanys
2007-03-14 22:13:49 · answer #5 · answered by GrassRootsRabbits 3 · 0⤊ 0⤋