Originally Posted by 12clicks

uh, no. actually Sly, if an LLC or S corp carries unspent money over the jan 1 time line, its taxed as if it were income. to keep it simple, if the company has profits of say 10 million dollars and they'd like to leave it in the bank for a rainy day or for expansion projects in the following year, that $10mil turns into $7mil after taxes. no way around it. If you have an $8mil need in the following year, fuck you. you're out of luck even though you originally had $10mil

thats very simplistic yet accurate.