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re: To deduct or not to deduct, that is the question.

Posted on 12/15/15 at 12:11 pm to
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42618 posts
Posted on 12/15/15 at 12:11 pm to
There has to be a way for you to find a more savvy lender that deals with small business owners. Seems foolish to not look at deductions when looking at someone's net income.
Posted by Napoleon
Kenna
Member since Dec 2007
69383 posts
Posted on 12/15/15 at 12:18 pm to
That's what the SO thinks. I'm going to wait until I finish up this month and play around with the numbers a bit. I personally want to pay the IRS as little as possible (as allowed by laws within all framework of legality)

Just it hit me that the declining income was bad, but if the net income is still a good amount, and it goes up this year then it will no longer be declining anyway and we already made a good bit more this year than last with less expenses.

Just figured I would ask here because like one person said earlier. "I want to appear poor to the taxman, but not the Banks".
I think going to my bank next is a great idea.
I'm really just feeling things out, probably won't look to buy until after Summer anyway.

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