In today's episode, I'm going over when your business actually starts according to the IRS, the importance of profit motive and the major benefits to filing a Schedule C even if you're a new business. 

 

Join me today as I explain the details of getting your business started and how you can prepare for your first year of filing taxes as an entrepreneur. 

 

Also mentioned in today's episode: 

 

• When a business starts from a tax perspective 1:30

• Start up expenses and profit motive 7:21

• Tax deductions for a business in the first year 9:28

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