Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Planning for C Corp
Planning for C Corp
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Strongsilence-C
Level 10
09-13-2024
11:34 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a small grocery store client that has suffered losses for three years. Fiscal YE = 9/30/24. I don't think any tax analysis is needed as they won't need to make a tax payment or accelerate deductions. Accelerating income would be nice but there isn't any to move into this fiscal year. So, before I communicate that planning isn't needed to the owner next week are there any thoughts or considerations you can think of?
These losses don't seem sustainable, but I don't think they will be closing the business in the near future.
Labels
