just a comparison of my situation.
i opened my s-corp in feb 2008., made no income
had a w2 paying job at an employer
lost job in june 08., filed for unemployment
on my unemployed income request,. i had to state entities owned., i listed both a sole prop and a s corp., i listed i made no money.,
the unemployment office asked me to clarify that i made no money.,i was awarded unemployment income benefits.
so it appears owning a s-corp that makes no money., or makes a little money., may or may not effect ur unemployment stuff..
also... as far as reeducation., on your personal w2., you may be able to deduct that as an expence when you were unemployeed... so i dont know how that would play into your s-corp... i may not even have to.
Originally Posted by ej122493
HI Tax Guru
Absolutely love the site however havent been fortunate enough to find an answer to the following to date:-
- currently unemployed (Jan 09) claiming CT unemployment benefit
- will be paying private course fees in March 09 for coaching for a new business as an ADHD Coach
- registering an S-Corp in Jun 09
Can I continue to claim unemployment until I register the S-Corp and then in the first tax year of the Corp, claim expense for the course fees (dated March 09).
In my opinion..Im out of work, re-educating for later in the year and think there should be no reason why I cannot claim considering there is no income other than unemployment....however I´m not aware whether the IRS will see it in the same light
your advice and help appreciated