My business made no income this year just startup expenses, can I claim everything next year?

You cannot claim them next year. Start-up costs are supposed to be capitalized and amortized over 15 years. However you can elect to expense up to $5,000 of your costs in your first year of business, with the remainder amortized. You would need to file Form 4562 with your tax return.

Here is more information about start-up costs and amortization:

http://www.irs.gov/publications/p535/ch08.html#d0e...

you in basic terms checklist the state refund as earnings. You in no way the federal refund as earnings for precisely the reason you stated. The state refund is merely stated as earnings on your federal return in case you itemized and took the deduction for state earnings taxes the previous year. the reason being because you in no way paid federal tax on that money. occasion. you're making $a hundred in 2010 and $10 is withheld for state earnings taxes. You itemize your federal deductions and subtract your state tax, so which you in basic terms pay federal earnings tax on $ninety of earnings for 2010. then you certainly get a $5 refund from the state. you presently have $5 which you deducted even even though it extremely became not used for a deductible rate so which you will desire to checklist it on your 2011 tax return. in case you probably did not itemize or did not take the deduction for state earnings tax then you certainly might have paid federal tax on the full $a hundred so which you do not might desire to checklist the $5 refund. lower back, you in no way might desire to checklist your federal tax refund as earnings.

You can claim the startup expenses as a loss this year up to $3000, and carry over the rest until next year.