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@mike_costanzo24@JoeCassandra@harrisonre There are so many things that going into accounting for businesses. Several decisions are made based on the future plans of the owners and other ventures the owners have.
Also entity structure changes, ownership changes, estate planning, all are considered on business returns.
The security and deep fulfillment of Jesus' love frees a Christian from the need to create identity by exclusion. We no longer need to rise up through putting down - eg "‘God, I thank you that I am not like...like this tax collector." (Lk 18:11)
Bad debt? If the business or personal loss qualifies under IRS rules, it may be possible to claim it as an income tax deduction. Read our latest blog for more information about the process and the requirements:
#JimmyTalk#Tax