Small Business Tax Deductions Homepage

Small Business Tax Deductions

Business Tax Returns

Business Tax Software

Taxes And Businesses

Business Tax Filing

Business Tax Rate

Business Tax Credits

Self Employment Tax

Online Business Taxes

Business Tax Preparation

Business Tax Deductions

Business Tax Planning

Small Business Taxes

Business Tax Id

Business Tax Help

Home Business Tax

Business Tax Forms

Franchise Tax

Corporate Tax

Small Business Tax Services

Small Business Tax Deductions Homepage

Powerful small business tax deductions information

Get your biggest tax refund, guaranteed. Plus FREE Expert Tax Advice. Download TurboTax® for Windows now.

Small business tax deductions forwarded to 2010?

Question: Small business tax deductions forwarded to 2010?

(Posted by: James on 2009-10-16 16:41:37)

If i open a business today and inccure $10, 000 in cost to deveolp my software concept and file it on a 2009 tax report and have no income, can i forward those losses and deduct them on 2010 taxes. I am filing for an LLC in florida


Answers:

Posted by: tro on 2009-10-16, 16:49:06

First of all you are not established enough for an LLC to be of much value to you except cost money if your business has not had any income, all your expenses prior to actually opening the business are preopening expenses and will be amortized over a 5 yr period when you do file go to irs.gov and request a Publication 34 for small businesses

  

Powered by Yahoo! Answers®


Back to Previous page

Payroll outsourcing. Trusted by over 500K U.S. businesses. Get a free quote at Paychex® today!

Online Tax ID Number Application

Bookmark Small Business Tax Deductions Homepage

Sitemap | Terms of Use | Privacy Policy | Contact

© copyright 2011-2012 BusinessTaxFiling.net, All Rights Reserved.

Legal Notice: This website is powered by Amazon®, Adsense™, Yahoo!® Answers and Youtube™. All trademarks are copyrighted by their respective owners. Please read our terms of use and privacy policy.