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I have a client with earnings from W2 from s business which

Customer Question
I have a client with...
I have a client with earnings from W2 from his business which is an S Corporation.. He also incurred a huge loss on the business. Is he eligible to take the Child tax or additional child tax credit.
Submitted: 2 years ago.Category: Tax
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Answered in 3 minutes by:
8/31/2015
Tax Professional: Lane, JD, CFP, MBA, CRPS replied 2 years ago
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 13,220
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Verified

Hi,

...

Yes it's the W-2 wage that qualifies as earned income.

...

Be sure to enter the W-2 income in the software first

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Lane
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 13,220
13,220 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

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