- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Did you pay any tax during the year?
"Wouldn't "tax deductions that exceed the taxable income" during a particular year lead to a refund?"
If you did not pay any tax there is nothing from which to issue a tax refund. And since you showed a loss, you cannot be eligible for the earned income credit.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎July 4, 2020
10:13 AM