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Deductions & credits
@Anonymous wrote:It is important to note that the start date of a business can change depending on other factors. For example, under certain circumstances, the IRS may analyze a company’s activities to determine whether they are liable for taxes.
I found that particular passage to be somewhat confounding since even if the business received as little as $1 in income from a client or customer, in exchange for goods or services, it would be difficult to argue that the company is not open for business.
December 18, 2020
8:25 AM