When you are filing your business return at a loss for three years, would you still be paying as you go?© BrainMass Inc. brainmass.com June 3, 2020, 11:08 pm ad1c9bdddf
The normal definition of a 'business return' means a corporate return. In the case of a corporation with a loss, there would be no payment of income tax required because there would be no taxable income to compute income tax on.
If you mean an unincorporated business filing on a Schedule C as part of an individual's income tax return, the answer would be different. Any loss generated from a small ...
This 302 word solution explains the answer in terms of the type of entity reporting a loss including the effects of combining losses with other income within the tax return.