Started small home business 5 yrs ago. Got FEIN and filed taxes. I'm terrible at bookkeeping/records. Attempting to change this now. But business has never made a profit. Should I close business and start over or start to file as hobby since IRS may deem as efforts as not serious enough?
my 5 year old home business never made any money should i now file as hobby?
- Thread starter tismitty2
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