Quote:
Originally Posted by Diplomatic Immunity 
Please don't bring up the tax questions here and make ludicrous statements about laws that have been explained in the past ...
THE TAX OFFICE CAN HAVE IT'S CAKE AND IT EAT IT TOO ! That's what hey do to small businesses every day of the week
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But now you're distinguishing between sole proprietor and LLC structures. An Incorporated organization is entitled to tax credits for losses, but whether the laws will ever recognize poker as an income source and how quickly loopholes in legislature will be sewn up is another discussion entirely.