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I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes?

Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off?

I see lots of information on how/what to write-off for a home based business, but can’t seem to find anything on what to do when that ends.

I am a small business owner and have been developing my company for the past year. Because I left my previous job to start this business I do not have a current income and because my company only recently officially opened for business we do not have a profit line. Do I need to file? What about the business expenses that I incur?

As a side job, I run an internet site. Eventually, I hope to have everything funded through donations, but until then everything has come out of my own pocket.

In any event, I didn’t make a profit off of this site, but was curious if I still have to pay taxes on it. I’m also interested in whether or not running the site would qualify me for small business tax benefits.

I know pretty much what I need to do as far as making my website and finding my products. I just need to know what needs to be filed for a internet business. I also want to know what the most cost effective way to obtain all of the licenses is.

I want to make sure I am registered in NC and not NY anymore, who do I call to make these changes?

I’m thinking about turning my online selling into a business, and I’m trying to get a feel for the tax-related pros and cons of making it official.

Here are 2 questions:
(1) I understand that I can write off business expenses on my tax returns. That includes computer equipment, trips overseas to purchase merchandise, etc. But I’ve never itemized my tax return before. Would I get more money back if I start a business, and then itemize my deductions rather than just taking the default deduction like I always do?

(2) If I make my online selling into an official business, will I have to pay extra business-related taxes?

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