sullivan_vl asked:


I am a writer who has filed business write-offs on my personal tax return for 5 years as per the law. I have not made profits in those years. I have been advised by my accountant that tax regulations do not favor my continuing to file business write-off because I have not made a profit so should close out the writing business. How do I go about filing my taxes now? Do I just ignore the past years write offs as thought they were never deductions?

Brian

shimshim asked:


I read that if you dont get a business license and you run an at home based business and your neighbors dont complain about your work, its unlikey the IRS will find out and make you pay a fee as well as put your business on hold until its done. Now, in the state of FL, if I chose to not get a license because the type of business (event planning) did not require one, would I still have to pay taxes?

Alexandra