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Do you have losses in prior years, that were not allowed?
Losses can be limited if you are not "At Risk" and this really means "Can you lose money in the business?" and most small businesses are "At Risk" because if you don't pay a bill, the creditor can come after personally.
Please post of comment if I have addressed everything you asked about. Thank you.
Do you have losses in prior years, that were not allowed?
Losses can be limited if you are not "At Risk" and this really means "Can you lose money in the business?" and most small businesses are "At Risk" because if you don't pay a bill, the creditor can come after personally.
Please post of comment if I have addressed everything you asked about. Thank you.
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