User talk:Samson
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S - Cropn.
Thanks for the help. As you can see that this is the first time I am dealing with 1120S. Client has filed all the paper work to start S corp in Oct. 2005 but never filed 1120 return. He incurred expenses all the way and made around $750 2006. However his business expenses was over 7,000 from Oct. 2005 to Dec. 2006. Now he is telling me, he is not planning to continue his S corp business, since it is loosing money, just to forget the S corp and file his 1040 and claim these expenses as a business loss on his 1040. Can I do that? Also or 2007 if there is no activities at all in his S-corp, Does he still need to file 1120S? I appreciate all the help.


