Have a Tax Question? Ask a Tax Expert
Hello Sioux Boy - I would need more information to really get to the bottom of this. However there is a three year statute of limitation for filing tax returns. It is possible the IRS is not accepting your 2009 loss year return. Technically the statute does not start until a compete return is filled. However the IRS is not expecting returns from 2009. It might take them an extra 3-6 months to get through the 2009 return and decide what they want to do with it. This will cause a notice then when you try to claim these losses on your personal return. Not filing your returns for this long can create a real mess. Good luck. Also I assume you mean your S Corporation?