QUESTION
If I close my corporation, do I still get the tax benefits
Asked on Jan 04th, 2015 on Taxation - New Jersey
More details to this question:
I currently have a blog set up as an SCorp. I have decided to keep up the blog as a hobby and it will likely make very little money. This year I will be taking a big loss. If I dissolve the SCorp can I still write off business loses on a Schedule C or would I have to set it up as a sole proprietorship?
1 ANSWER
Criminal Defense Attorney serving Toms River, NJ
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Edward J. Dimon
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These are very specific tax and accounting issues. I will introduce you to Joseph LaCosta, Esq. He is with our firm. He is both a tax attorney and a CPA. Please call. he will guide you through these issues. Ed Dimon
Answered on Jan 04th, 2015 at 7:39 PM