Hi everyone,
The corporate tax deadline for c-corps is on Monday. We created an easy offering for startups to get their tax extensions filed + a personalized startup tax plan (including section 174 impact) for $1: tryfondo.com/1
If you don't file a tax extension or file your taxes on time:
💰 You cannot claim up to $500,000 in startup tax credits
❌ If you have a global subsidiary or shareholder you will face $10,000+ in tax penalties
🏦 Section 174 is in limbo - this impacts how much in tax credits you can get and how much in taxes you owe. Wait until it is reversed (likely by October 15).
Thank you!