The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Small Business Tax Preparation||Date: 7/18/2013 5:53 PM|
|Author: JamesBrown||Number: 118895 of 121061|
Back in January I started a small business. It was a miserable failure, and I ended it in June. Before I wash my hands of the whole thing, I want to make sure that I'm squared away with the IRS.
Early on my banker asked if I had a CPA, and when I said I didn't, she gave me the name of a Jackson Hewitt rep. I just called her and was told that all she does is tax returns and that she's not a CPA. So I'm not sure what that was all about.
Bottom line, I spent a largish sum of money, keeping good receipts for everything, and my business earned the opposite of a largish sum of revenue. I am 100% confident that I don't owe tax of any kind, but I'm not clear on A) if I need to file something, or B) how do I let the powers-that-be now that I'm done with the whole thing.
Thanks in advance.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|