2 ms·
if you have enough other expenses that already nullified that year’s tax, and it is complex to file a certain remaining kind of expense then you don't need to d
by yieldcrv 3y ago
if you have enough other expenses that already nullified that year’s tax, and it is complex to file a certain remaining kind of expense then you don't need to do it
- Aeolun 3y agoWouldn’t that basically always mean you’re in the red already though?
- yieldcrv 3y agonot every tax deduction uses cash so no. between using borrowed funds, other tax credits, in-kind donations, carry forwards or carry backs from other tax years, you should be able to get it to zero or near zero without spending all cash/profits on hand and then the corporation can have one financial circumstance that has nothing to do with your financial circumstance improved by payment from the corporation theyre conduits, it depends on how much authority you have over the corporation