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Latest revision as of 13:24, 22 September 2024
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Another angle to consider: suppose little business takes a loss for the year just passed. As a C Corp there exists no tax on the loss, however there additionally be no flow-through to the shareholders along with an S Corp. The loss will not help private tax return at all. A loss from an S Corp will reduce taxable income, provided there is other taxable income to decreased. If not, then put on weight no taxes due.
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