Comment on Why do big corporations get to claim losses, but small businesses can't?
lemmyman@lemmy.world 2 weeks agothey get audited, at least, yearly by law
The IRS doesn’t audit annually, companies hire 3rd party auditors. And it’s not a tax requirement, it’s a public-company requirement.
BearOfaTime@lemm.ee 2 weeks ago
Thanks for the clarification. It’s a very important distinction.