- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I have been filing tax returns and state returns and sales tax the whole time. The reason is the corp had debt that needed to be paid off and so I moved money from my personal income into the corp as a loan to pay off the debt. I also deduced a few expenses. To rephrase, the corp has been showing a loss for quite some time but I hope will start to show income in 2022.
The "things" (sorry to be vague) are tools, equipment, supplies.
‎January 20, 2022
6:54 AM