I have a day-job which gets me a salary. I'm about to start some websites on the side with the intention of making money off advertising. For the time being, I plan to remain an unregistered sole proprietor. No LLC etc.
I would wager that many of you are living with similar arrangements.
In your experience, does the IRS consider it acceptable to deduct website hosting costs etc. as "business expenses" from one's income (i.e., day-job income), while the websites aren't generating any income? (There's a good possibility that mine won't generate any income for a few years... or worst case: ever.)