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Estate tax deferral offers relief to some business owners

 

To deduct business losses, you may have to prove                                              “material participation”

You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only be used to offset income from other passive activities. Any excess passive loss is suspended and must be carried forward to future years.

Will your business have a net operating loss? Make the most of it

             When the deductible expenses of a business exceed its income, a net operating loss (NOL) generally occurs. If you’re planning ahead or filing your income tax return after an extension request and you find that your business has a qualifying NOL, there’s some good news: The loss may generate some tax benefits.

Awards of RSUs can provide tax deferral opportunity

Could your income trigger the AMT this year?

 

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