for various things. When you go over those limits you generally have to
prove that you really needed to buy 25 computers, three cars, and a house
not for resale for the operation of a sole-proprietership (that's a
completely made up example.) Also, in some states a business must be
profitable over time or lose the business license and face IRS scrutiny.
-Kevin
----- Original Message -----
From: "brob" <[EMAIL PROTECTED]>
To: "CF-Community" <[EMAIL PROTECTED]>
Sent: Friday, October 17, 2003 4:56 AM
Subject: Re: Texas corporation question
> Hey i was wonderin if u own a business and you use company money to buy
food or like a laptop, you can write those off as expenses right? And would
it be possible to do it so much that the company dont make any profit.
Therefore nothing to be taxed on, since they only tax profits right? err
yeah you know what i mean hehe
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