Comments on: I had a large business loss last year How do I take the loss over a period of years-perhaps 6-10 years? http://smallbusinessbankruptcyinfo.com/230 Sun, 07 Aug 2011 20:31:48 +0000 hourly 1 By: v b http://smallbusinessbankruptcyinfo.com/230#comment-368 v b Sat, 26 Jun 2010 22:21:26 +0000 http://smallbusinessbankruptcyinfo.com/230#comment-368 Were you a sole proprietor? Net Operating losses are carried back 2 years on the 1040 and forward 20. The concept of income averaging disappeared in 1986. Were you a sole proprietor?

Net Operating losses are carried back 2 years on the 1040 and forward 20. The concept of income averaging disappeared in 1986.

]]> By: zeuz http://smallbusinessbankruptcyinfo.com/230#comment-367 zeuz Fri, 25 Jun 2010 20:22:38 +0000 http://smallbusinessbankruptcyinfo.com/230#comment-367 How you handle this situation depends on whether or not the coffee shop was incorporated. Seek the advice of a CPA. How you handle this situation depends on whether or not the coffee shop was incorporated. Seek the advice of a CPA.

]]> By: alradio1359@verizon.net http://smallbusinessbankruptcyinfo.com/230#comment-366 alradio1359@verizon.net Fri, 25 Jun 2010 00:56:12 +0000 http://smallbusinessbankruptcyinfo.com/230#comment-366 you have two years to file taxes and how could any one have a lost of 100,000 on a coffee shop you have two years to file taxes and how could any one have a lost of 100,000 on a coffee shop

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