Start a bussiness without income yet?

We have w2 and we also start a bussiness on last nov and until december we didn.t have income yet. But we already pay a lot for training and start up cost.
Can we claim that capital (training cost, miliage, startup cost) for tax refund?
How do we apply income tax for both?
Can we apply ourselves or better with CPA's help?

If you have not incorporated the business, then you can deduct those expenses on you schedule C and lower your Adjusted Gross Income, which will lower your taxable income from the W-2 Income. If you need a CPAs help you can contact me - I am a tax expert.
Also if you are interested in setting up a Corporation or LLC for the current tax year, I can help you with that as well. Contact me if you're interested

Lev Mavashev
Accountant / Financial Advisor

These are start up expenses. If you haven't opened for business, you must capitalize them for next year.

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