Tax Attorney In Oregon Or Washington; Does Your Small Business Have Certain: Difference between revisions
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Revision as of 23:10, 24 February 2025
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Another angle to consider: suppose your business takes a loss of revenue for 12 months. As a C Corp to provide a no tax on the loss, however there can also no flow-through to the shareholders as with an S Corp. The loss will not help your own tax return at all. A loss from an S Corp will reduce taxable income, provided there is other taxable income to shrink. If not, then put on weight no transfer pricing income tax due.
If any books of accounts, documents, assets found or seized belong for any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be completed with twenty one months of the end from the financial year when the search was conducted like assessment u/s 153A.
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If you add a C-Corporation with a business structure you are able to reduce your taxable income and therefore be qualified for some deductions in which your current income is too high. Remember, a C-Corporation is some individual taxpayer.
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