#72: Do you have to file taxes if you didn't earn any income?

Season #1

Join Josh and Garrett as they discuss taxes! Specifically, taxes in the early stages of your business.

Top takeaways:

  1. The government considers you to have a business whether you see it as a side gig/little thing or not.
  2. If you have $1 more today than you did yesterday, you need to file (perhaps in your own Schedule C, but.).
  3. If you had expenses and no income OR expenses that were greater than your income, you should file (the losses could offset active income from other sources).

Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey: