A Very Good Taxes - Part 1: Difference between revisions

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Revision as of 01:40, 5 February 2025

Note: The author is not CPA or tax technician. This article is for general information purposes, and should not be construed as tax points. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.

Another angle to consider: suppose business takes a loss of profits for the age. As a C Corp it takes no tax on the loss, however there can also no flow-through to the shareholders the problem an S Corp. The loss will not help individual tax return at entirely. A loss from an S Corp will reduce taxable income, provided there is other taxable income to decline. If not, then is actually no tax due.

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