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April 1, 2022
Question

I ended my business last year and there is no income and expenses to report, do I file my taxes normally since I am employed?

  • April 1, 2022
  • 1 reply
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1 reply

Carl11_2
Employee
April 2, 2022

By "last year", do you mean you closed your business in 2021? Or are you referring to "last tax year" which would be 2020?

I assume it was a SCH C business and that you accounted for and reported the disposition of any and all assets and inventory, if applicable.