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A State Income Tax Credit May Be Provided to a Business Based on Ded Mo  Form

A State Income Tax Credit May Be Provided to a Business Based on Ded Mo Form

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welcome back i am bree beers of free beers and associates and today i'm going to address the number one question i have been getting from new business owners lately so i've gotten a lot of clients in the last couple months who started a business in 2020 and they spent some money and they started you know they started this new business but they didn't actually make any money so their question is if i made no money do i actually need to file a business tax return so that is the question we are going to answer for you guys today so the answer to this question is actually going to vary depending on what entity type your business is set up as so let's start with my corporations so if you are a c corp or an s corp then yes the answer is yes you have to file a return whether or not you had any business activity at all okay in a given year so corporations yeah you gotta file the next business entity is my partnerships and if you own a partnership you run a partnership then the rule is if you h

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