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Revision as of 07:58, 30 August 2026


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Another angle to consider: suppose little takes a loss of profits for 12 months. As a C Corp however no tax on the loss, however there can also no flow-through to the shareholders along with an S Corp. The loss will not help your personal tax return at almost all. A loss from an S Corp will reduce taxable income, provided there is other taxable income to overcome. If not, then there isn't any no tax due.

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The second way for you to be overseas any 330 days each full one year period out of the house. These periods can overlap in case of an incomplete year. In this case the filing payment date follows the completion of each full year abroad.

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