S Corp - Should Books Balance with Net Loss? Hello,
I started a S Corporation in 2008. It had no income and some expenses. Should my books balance with this situation? I am bringing in asset information from Form 4562. The S Corp is just me and started with a very modest "loan" from myself. I have had some travel expenses and purchases listed on Form 4562 which result in the net loss.
Thank you kindly,
Sally |