Difference between revisions of "Annual Taxes - Humor In The Drudgery"
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Revision as of 20:57, 14 May 2026
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Another angle to consider: suppose little business takes a loss of revenue for the whole year. As a C Corp presently there no tax on the loss, however there can also no flow-through to the shareholders as with an S Corp. The loss will not help your personal tax return at the whole. A loss from an S Corp will reduce taxable income, provided there is other taxable income to reduce. If not, then there isn't any no income tax due.
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