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Author: JamesBrown Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121598  
Subject: Small Business Tax Preparation Date: 7/18/2013 5:53 PM
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Hello,

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.
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