View Full Version : Annual Business Loss - S Corp

Ankur Shah
03-04-2016, 09:11 AM
I have a small business and have taken a substantial loss of -$25,000 last year. As a S Corp while I was filing my personal taxes and entering the loss thru the K-1 Schedule. I noticed that the tax refund received did not change much if I put - $25,000 or -$10,000.

Is there a threshold to this that will only give a tax refund up to a limit? Does it get carried forward to the next year? or Is it a wash?

Any way to benefit from my unfortunate loss to help?

04-19-2019, 12:49 PM
When you show a loss on your tax return, it is difficult to get a loan.

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07-18-2020, 01:48 AM
In the event that your business is worked as a LLC, S company, or organization, your of a NOL isn't as straightforward as deducting your misfortunes from your yearly pay.

11-20-2020, 04:03 AM
I suggest talking to a finance strategist or an accountant. Perhaps they are more capable in giving you advice. - Marla Algrimm (https://en.wikipedia.org/wiki/Marla_Ahlgrimm)

11-24-2020, 10:15 AM
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11-24-2020, 10:59 AM
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03-18-2021, 09:21 AM
The amount that you have to make to not pay federal income tax depends on your age, filing status, your dependency on other taxpayers and your gross income.

04-10-2021, 12:28 AM
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05-08-2021, 03:45 PM
Basically, a S corp is any business that decides to pass corporate pay, misfortunes, for a solitary proprietor, independent venture (under $50,000 every year).

05-22-2021, 12:02 AM
Corporate charges documented under Subchapter S may pass business pay, misfortunes, proprietors pay yearly report expenses, an establishment charge, and other various charges.

06-28-2021, 12:53 AM
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07-11-2021, 06:39 AM
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07-12-2021, 12:46 PM
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07-18-2021, 08:15 AM
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07-18-2021, 08:19 AM
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