hurricane relief

As an LLC in SW FL, I have lost (cancelations) several trips that were scheduled. This is a drop in revenue. Any tax adjustments?

posted

Hello Busy Bob,

There is no tax relief due to a drop in revenue.

There could be relief in other ways, for example, delayed due date deadlines for tax payments or for filing tax returns.

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

Have an amazing day.

AR (CPA 10+ years)

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Do you have an Intuit account?