J
Jack1989
Guest
What is the name of your state? Pennsylvania
We own a small campground and it is a sub chapter S corporation. Recently, just as we were ready to open for the season, I had some health problems that will not allow us to open this year. We have done all the normal advertising, maintenance and purchases leading up to opening day but will not open the campground this year. How can I explain to the IRS that we have all the deductions but no income for the year?
We own a small campground and it is a sub chapter S corporation. Recently, just as we were ready to open for the season, I had some health problems that will not allow us to open this year. We have done all the normal advertising, maintenance and purchases leading up to opening day but will not open the campground this year. How can I explain to the IRS that we have all the deductions but no income for the year?