Are you allowed to file your business and get earned income credit when this business was your only means of income throughout the year? (You are sole proprietor and do not have an EIN number) Need help for a friend who asked me this question.
Are you allowed to file your business and get earned income credit when this business was your only means of income throughout the year? (You are sole proprietor and do not have an EIN number) Need help for a friend who asked me this question.
Assuming his/her AGI was below the threshold (I think it's $13k for single filer), your friend should be able to qualify for the EITC.
I am sorry but i couldn't find an answer to this question. I'l get back to you as soon as i get it.
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