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Tax Break For Losing Money

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Money Talk > Taxes

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cicredit
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Cash: $ 2.75

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Joined: 09 Feb 2010
Location: Katy
Tax Break For Losing Money  Reply with quote  

Hey I was just wondering what new tax deduction this is, but a buddy of mine actually lost money this year with his S. Corporation. However, he is getting $400 dollars back does anyone know why this is? Or possible what new law is in effect. I really don't know anything about this situation so I figured I would ask.
Post Wed Feb 10, 2010 5:43 am
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cicredit
Member


Cash: $ 2.75

Posts: 13
Joined: 09 Feb 2010
Location: Katy
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lol...yeah I really don't know the tax stuff. I guess that are what accountants are for..lol. I should probably ask him for a more detailed description of what is going on.
Post Wed Feb 10, 2010 9:44 pm
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