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February 19, 2025
Question

Can I receive a tax refund if my LLC made $0.00 income but $1,450 in expenses? First time filling LLc taxes and can't afford an accountant

  • February 19, 2025
  • 1 reply
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    1 reply

    February 19, 2025

    From the information you have given, your LLC had a loss. There is no refund for the loss.

     

    Also, if you have no tax withheld on income such as wages or retirement income and no refundable credits, you can't have a tax refund.

     

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