Give typed full explanation When a business has no tax liability, thismeans that it is:A) not filing income taxes regularly.B) making large profits.c) claiming more deductions than itshould.OD) losing money.

Every business has to pay taxes like income tax, GST, state tax etc.There are certain rules and…

Answered: When a business has no tax liability,…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 9DQ

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When a business has no tax liability, this means that it is: A) not filing income taxes regularly. B) making large profits. C) claiming more deductions than it should. D) losing money.