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I have a business client who is 100% owner in several
I have a business client who is 100% owner in several S-Corporations. In 2018 the S-Corps had over ($600K) in net operating losses which passed to my client's 2018 Form 1040. The total 2018 AGI was a … read more
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A husband and wife have always file separate returns. The
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I would like to become a physical trainer at a gym Are my
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I am a CPA and have a tax client who has an NOL from 2018.
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I lost $120,000 in my business last year. I had $120,000
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If I had a -$300,000 loss for my corp last year (E&P was
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I own a sub chapter S corporation that owes 100% of the
Yes, I own a sub chapter S corporation that owes 100% of the stock of my 1120C corporation. I have NOL loss in my 1120C corporation. How can I use the NOL in my 1120C corporation?… read more
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I converted my C corporation (which had several years of
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Not sure. I am curious about a used truck purchase for the
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Rog: Elliott Wexler CPA here: Q: If a C corporation elects
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Lane! A client has changed from a C-Corp to a S-Corp. Can I
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I started a company several years ago as a C-corp and had
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I was a farmer in Lexington Ky. from 1984 and showed my first
I was a farmer in Lexington Ky. from 1984 and showed my first net operaing loss of (1,855,000) and continued to show net operating losses through 1990 of total NOL of ($6,028,000). In 1991 I had a far… read more
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