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Revision as of 08:23, 12 November 2024

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Another angle to consider: suppose business takes a loss of profits for the majority. As a C Corp there is no tax on the loss, however there additionally be no flow-through to the shareholders along with an S Corp. Losing will not help your individual tax return at everyone. A loss from an S Corp will reduce taxable income, provided there is other taxable income to scale back. If not, then is actually no taxes due.

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