I thought that if a business was a net loss you didn't have to pay taxes on it.
Then again, I'm no tax specialist either. Hatton Michael Dinowitz wrote: >OK, this is a sticky one. >House of Fusion exists as a corporate entity (S corp) but its income is $0. Its >expenses are a lot more than the income and its existence is basically a cash >drain. The question is, what other corporate or non-corporate entities exist >that we can hold House of Fusion under without having to pay out corporate >taxes? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 This list and all House of Fusion resources hosted by CFHosting.com. The place for dependable ColdFusion Hosting. Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
