Do You Still Have to File a Business Tax Return if You Made No Income?

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Title	:	Do You Still Have to File a Business Tax Return if You Made No Income?
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I have a question, I had a small business and have filed taxes all the years of business I am a sole proprietor for a lawn and snow business However, we decided to close the business In February 2025 before the season started I have W-2 income I did not have any income for this year Do I have to file the business anyway?
Comment from : @elizabethcagle6289

Great!!! Thanks : )
Comment from : @cindyglevine

hi, I have a LLC opened 2022 but i did not use this business yet, I will use now on 2025 So if nothing was done on 2024 I have nothing to do right? NJ
Comment from : @stunningcleaningservices1

Thanks for the info! First year llc that had no income, but expenses and had no idea I could use it against my W-2 income Wow
Comment from : @seattlesun21

Thank you for answering my question This video is great
Comment from : @equinekh89

Haven't heard anything I reported 2022 hnrblock hijacked returns stolen reported I still have nothing
Comment from : @shan_react

Wi, Illinois
Comment from : @shan_react

Does she ever answer any of the question here in the comments?
Comment from : @californiandreamin

;kljkpoj
Comment from : @chasebagstaxiservices

Great video Thanks!
Comment from : @elainecole9862

Hello, so in my case: I and my husband started an LLC in 2021 after I had spoke with a turbotax agent on Turbotax, that told me that I will need to filled 1065 form 2021 before filling for 1065 form 2022 knowing that in 2021 I didn't made any profit and didn't spent either And also The agent told me that I would need Amended return because I filled my personnal before filling for my business That's true or there is other way around? in 2022 I didn't I didn't make any profit but lease my Business car please help I am in state of Florida
Comment from : @user-ht7vt2xo6v

I am happy that I found your video I got an LLC single member Made no money last year but spent lots of money I know it is a little too late to file I am in California Thanks for this video
Comment from : @WaltBarret

If I deal with multiple brokers and with one I only revenue 2k do I need to do a return of them?
Comment from : @johum187

Thank you for answering the qustion love the video
Comment from : @avatarking490

Thank you! Way to be concise and helpful
Comment from : @richbarrett

So taxes are paid quarterly, but you only file taxes once? Is that correct? I just started my business this January and incurred a lot of expenses but I didn’t make any revenue in Q1, so do I need to file anything or do I file all my expenses in the beginning of 2025 when I’m filing my annual taxes for 2024?
Comment from : @seancasey6984

🦁Great video! The information was concise and valuable Keep up the awesome work! Thanks!
Comment from : @TheJohnnyLion

Thank you for your video, if I understand correctly, I do not have to file because my sole proprietor LLC, made 000 and spent 000 in 2023
Comment from : @jenniferreyes1184

LLc here that made no profit, had only expenses and was on a W2 brCan i use TurboTax to file taxes and offset my W2 with my business expenses?
Comment from : @epycedits

I started a business but never even started
Comment from : @Talkswithtee302

super helpful thanks!
Comment from : @gamelkamalielu9154

Very nice Are you located in Southern California?
Comment from : @haroonahmed7496

Hi, I noticed this video is two years old so not sure if this question will be answered If i created an LLC, but have not started my business yet, Do I have to file taxes All that was does was an LLC, no other transactions
Comment from : @joannesantos8

Hi thank you for your video!! So If my new multimember LLC was creted last december 2023 but we don't have any activity at all (no expense or income), so I don't have to file any return to the IRS right??
Comment from : @ricardotortolero7823

To the point and quite informative Thank You So just to confirm, what I understand is that if opened an LLC let's say in December 2023, and it is not functional yet, I do not have to file my taxes as yet Especially, if I signed for form 944?
Comment from : @zenavllc

GREAT VIDEO! Answered my question within a few minutes
Comment from : @GermanShepherdDaphne

Does it matter if your in Texas
Comment from : @omarahmad681

Thank you! Exactly what I was looking for!
Comment from : @Natural_Encounters

👏👏👏 thank you for answering questions to my situation
Comment from : @charlined6171

years ago i reported no longer had employees, provided the date and checked season employees box I have not sent in any since and have not had employees Was I supposed to send them in anyway, and if I didnt what do i do?
Comment from : @evangelinesuriano

How AM 👁️ liveN Bree?brEveryday is but a dream 😉
Comment from : @coyotestylepro1150

What if 2 member LLC and the business made no income? Do I have to file $0 business tax return? Thank you
Comment from : @TaalaibekBeishenov-bg7zt

So precise & on point Thank you ma’am
Comment from : @daniquejames9452

Thank you Bree, straight answers and straight to the point, my go to from now on, much appreciated!
Comment from : @dneisb8552

Wow you are amazing this is EXACTLY my situation! A million thank you’s!!!
Comment from : @Blueflame2137

Does start up cost count as an expense?
Comment from : @ssmoothe2000

Do you file returns? Dec 2023 I left my W2 job, I also have a 1099 for being a real estate salesperson for 2 years now, I registered with my state an LLC but I haven't made money under that LLC so I haven't filed, I recently bought a vacation home that I use as an Airbnb Aug 2023 All these things and would like to speak to someone on how to file that will benefit me Especially now that I am currently 1099 moving forward Can you assist me?
Comment from : @jackiesantini5824

Thank you very much finally someone who explain way more better
Comment from : @TRIZCRUTV

3:40 is a game changer
Comment from : @lukerbs

What if i didnt file for it last year but want to file this year?
Comment from : @LifeIsBetterWithLove

Thank you If you can review by countries or jurisdictions, it will be helpful Consulting agencies for these small informations and they take thousands of dollars is not right
Comment from : @iam_KTN

Should I fill 1040 if I have 0 income with no business or anything?
Comment from : @KhadijaAlghamdi-w2k

If your in Texas and you started a sole proprietorship, but never set up shop, and don't file, they will empty your bank account Happened to me Fuckin tyranny
Comment from : @trippyvortex

This is a very good video However, I have noticed in the Arizona I have to file or they fine me like $25 every month its late And this is for a sole proprietary LLC But my question is if I didnt make any money but I did have expenses how do I file that to subtract it from my W2 income?
Comment from : @T-AnnaMata

I've been looking for these answers for the past 30 minutes in youtube videos and here all my questions are answered in a single video, thank you so much Bree, much appreciated
Comment from : @rowyeah456

I'm a sole proprietor business owner, self employed no employees, with standard deduction my taxable income is below zero Do I need to file? Did not pay in any taxes in 2022
Comment from : @toddgallagher3100

In 2022 no business activity Do I have to file 1065 Is it the same rule as 2021
Comment from : @patriciaalcala1153

I opened an online business in 2021 I did not have income in 2021 or 2022 because for life circumstances was not able to launch but I did have expenses I did not file last year for 2021 as I didn’t know What or how should I do it now ? Thank you in advance!
Comment from : @danielavillalon890

Hello, my husband cleans houses but just every 2 weeks and just make $1000 per month, $12000 per yearbrDo we have to file taxes?brI'm applying for a house but I can't qualify cause I'm a low income personbrThank you!
Comment from : @laurarace5429

Did not know all of this until recently I was told last year that I didn't need to file but was not told about the benefits of still filing as negative net income Had well over $10k invested and made not a single dollar back I cut my losses on that all Still negative this year yet as I've done a lot of investing DoI still just let go of the losses from 2021 and start fresh with the 2022 stuff? I ended up donating everything from the previous years investment as nothing was selling
Comment from : @maggiedelaluz

Thank you!
Comment from : @Lakaa

Thanks for the video! It’s very helpful I am from TX and just form LLC in January for my home baking business and have not made any money yet Is Single member LLC consider as schedule C? And do I have to pay for sale tax even if I haven’t made any money? Thanks!
Comment from : @creativetouch-artcraftdesi9044