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https://thefincontroller.com/p/valuation-allowance
The early years of a startup company often comes with incurring heavy losses as the company spends money on marketing and R&D. These losses come with a hidden benefit in that they can be used in the future to reduce the tax liability when the company begins to generate profits.
This video is going to explain how all this works, plus a look at Tesla and how they realized $6 Billion in profits in 2023 as a result of the release of a tax asset valuation allowance!
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