http://www.xtacash.com/can-i-claim-expenses-on-my-taxes-on-a-home-business-that-is-not-a-licensed-business/ Just another WordPress weblog Sun, 28 Feb 2010 07:02:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.xtacash.com/can-i-claim-expenses-on-my-taxes-on-a-home-business-that-is-not-a-licensed-business/comment-page-1/#comment-3741 Linda Wed, 16 Dec 2009 06:50:47 +0000 http://www.xtacash.com/can-i-claim-expenses-on-my-taxes-on-a-home-business-that-is-not-a-licensed-business/#comment-3741 Yes the IRS requires you to report all income - even illegal income. They do not care if you are licensed. You will need to report it on a Schedule C as a sole-proprietor. Yes the IRS requires you to report all income – even illegal income. They do not care if you are licensed. You will need to report it on a Schedule C as a sole-proprietor.

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