business losses

Excess Business Loss

March 11th, 2025|Categories: Burns Firm, Business, Business Deductions, Business Losses, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, NOL, Partnership, S Corporation, Tax, tax accountant, tax accountant near me, Tax Advisor, Texas CPA, The Burns Firm|Tags: business losses, CPA Dallas, cpa near me, Excess Business Loss, NOL, tax, tax accountant, tax accountant near me, tax advisor, Texas CPA, The Burns Firm|

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 [...]

The TCJA Changes Some Rules for Deducting Pass-through Business Losses

June 5th, 2018|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: 2018 tax planning, Assets, business, business losses, business tax, business taxes, expense, Loss, pass-through losses, Planning, tax, TCJA, The Burns Firm|

It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs [...]