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Revision as of 02:44, 19 October 2026

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As a C Corp presently there no tax on the loss, however there additionally be no flow-through to the shareholders the problem an S Corp. The loss will not help your tax return at entirely. A loss from an S Corp will reduce taxable income, provided there is other taxable income to overcome. If not, then can be no taxes due. Now, I am hardly suggesting you fail and entertain a life in wrongdoing. Tax issues that i see minor in order to spending period in jail.

Frankly, it will never be worth it, but can be at least somewhat along with humorous figure out how the government uses tax laws to try after illegal conduct.

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