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rachel b asked:
I have a small home business that I had a loss on this year. It is my first year having a business and was wondering if i could just file a 1040 ez since I had a loss.
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If you are running a home business, you should DEFINITELY get a CPA that specializes in business. You’d be ammmmmazed the things that will be deductable!
Good Luck.
No, 1040EZ is only for wage earners with W-2 wages. All self-employed folks must file Form 1040 and Schedule C at the very least.
If you have 0 (no) income, you can skip filing and add the expenses to next year or when you have income. Otherwise you have to file 1040 and schedule C