Can a Small Business Get a Tax Refund?
Have you ever wondered how to get a tax refund for small business ventures? In theory, it’s actually simple — if you overpaid on your tax return, then you’ll get a refund from the IRS.
In practice, however, it’s not as clear cut because businesses and individuals are taxed differently. There are rules that determine whether your company is eligible for refunds or not, and unfortunately, these guidelines aren’t always easy for business owners to understand.
So, can a small business get a tax refund? Yes, but here are some of the specifics you need to know.