XYZ Company had a net loss of $90,000 from operations in 2012. Tina owns XYZ and works 20 hours a week in the business. She has a large amount of income from other sources and is in the 33% marginal tax bracket. Would Tina's tax situation be better if XYZ were a proprietorship or a C corporation?

Answer rating: 100% (QA)

Yes Tinas tax situation would be better if XYZ corporation were a proprietorship because she will ... View the full answer