Paying Taxes Can Tax The Best Of Us: Difference between revisions
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Revision as of 10:11, 22 September 2024
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Another angle to consider: suppose business takes a loss of revenue for all four. As a C Corp is actually an no tax on the loss, however there can be no flow-through to the shareholders as with an S Corp. The loss will not help your tax return at many. A loss from an S Corp will reduce taxable income, provided there is other taxable income to scale back. If not, then a genuine effort . no income tax due.
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