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Get your taxes done using TurboTax
I was assuming the question was for the same reason I see this question all the time. Folks mistakenly believe that if they file their business as a separately taxable entity, it will reduce their tax liability. What most don't realize, is that it has a greater potential to actually increase that tax liability - even if the business operated at a loss.
‎June 1, 2019
12:04 AM