Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RicocheT

If the business shows no profit, there is no tax due


6 posted on 07/31/2022 7:43:58 AM PDT by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: bert

SOOOOO—NET INCOME???


30 posted on 07/31/2022 9:52:23 AM PDT by ridesthemiles
[ Post Reply | Private Reply | To 6 | View Replies ]

To: bert

You’ll pay tax if some expenses are not tax deductible, even if you show a loss.


33 posted on 07/31/2022 11:20:43 AM PDT by SPDSHDW (Buy JHP ammo, Level 3/4 armor and rifles. Won’t be able to for much longer, and we’re gonna need em)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson