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Can you review our taxes? We paid a Tax rep to do our taxes but only getting back 5,000 We spent over 450,000 for our business and loss of over 109,000.

 
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Hal_Al
Level 15

Can you review our taxes? We paid a Tax rep to do our taxes but only getting back 5,000 We spent over 450,000 for our business and loss of over 109,000.

3 Replies

Can you review our taxes? We paid a Tax rep to do our taxes but only getting back 5,000 We spent over 450,000 for our business and loss of over 109,000.

Losses don't give you more refund in and of themselves, your refund may be limited by how much you've paid in and have available to be refunded.

If you have a business that has almost 1/2 million in expenses, you may want to seek the assistance of a local tax professional, they can explain to you the outcome of the return....that what you pay them for.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Can you review our taxes? We paid a Tax rep to do our taxes but only getting back 5,000 We spent over 450,000 for our business and loss of over 109,000.

I am Confused because we also prepared our taxes on turbo tax and it states we shall receive a return of 12,000.   
Hal_Al
Level 15

Can you review our taxes? We paid a Tax rep to do our taxes but only getting back 5,000 We spent over 450,000 for our business and loss of over 109,000.

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