And your "new business" can loose money for 3 years in a row without throwing any flags, if one gets close to breaking even, or may make a few bucks (pay the taxes), you could loose money again and not draw any attention. Generally it takes 3-5 years for a business to break even, longer if there is real property or a sizeable investment involved. The government is pretty understanding, just don't make too much, or loose too much on a yearly basis.