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Revision as of 22:11, 12 May 2026
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Another angle to consider: suppose little business takes a loss of profits for the year just passed. As a C Corp there exists no tax on the loss, however there one more no flow-through to the shareholders several an S Corp. Losing will not help your personal personal tax return at all. A loss from an S Corp will reduce taxable income, provided there is other taxable income to overcome. If not, then there isn't any no income tax due.
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