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June 18, 2020
Question

My small business has never made a profit and I want to stop it. Can I just stop reporting business income next tax season?

  • June 18, 2020
  • 1 reply
  • 2 views
No text available

1 reply

Level 9
June 19, 2020

There have been tax changes and updates in response to COVID-19, corvetteguy12043. 

 

You can reach out to an accountant or directly contact the agency if reporting business income is still needed. You can also click this link for the latest information on tax deadlines and updates related to COVID-19

 

For more details with reporting in QuickBooks Self-Employed, you can check out these references: 

Leave a reply below if you need anything else. You take care and keep safe always!