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Revision as of 17:53, 16 September 2024
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Another angle to consider: suppose your business takes a loss of revenue for all four. As a C Corp presently there no tax on the loss, however there one more no flow-through to the shareholders issue with having an S Corp. Losing will not help your personal tax return at many. A loss from an S Corp will reduce taxable income, provided there is other taxable income to reduce. If not, then a genuine effort . no income tax due.
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