PDA

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?

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

georghenry
01-09-2020, 10:10 AM
Gametables4Less, LLC (https://www.gametables4less.com/) provides Shuffleboard, Pool, Poker & More. Lowest Prices in the US Guaranteed! We Will Not Be Undersold. Call for the Lowest Price! Call to Get the Best Deal. Top Name Brands. Guaranteed Lowest Prices. We Will Not Be Undersold. Top Brands, Big Selection. Located in Boca Raton, FL.

Lilykevin86
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.

speeduser
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)

raviseo121
11-24-2020, 10:15 AM
thanks for sharing with us

raviseo120
11-24-2020, 10:59 AM
thanks for sharing with us

lishmaliny
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.

homeocare
04-10-2021, 12:28 AM
thanks for sharing with us

RaniaRanii3
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).

RaniaRanii3
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.