Oak View, California. Homefacts City Report. Oak View is located in Ventura County, CA. The population is 4,337. There are 1 public schools in Oak View with an average Homefacts rating of B-. The total crime rate for Oak View is very low, and there are 9 registered sex offenders residing in the city.
If you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.f you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.
Filing Personal Bankruptcy. When you file for personal bankruptcy, you have the option of filing Chapter 7 (liquidation) or Chapter 13 (reorganization). When you liquidate, a bankruptcy trustee determines which assets you must sell to satisfy your debts.The case typically discharges in a few months after filing.or the purposes of filing personal bankruptcy, it does not matter if your business is an S corporation or a C corporation. What impacts bankruptcy law is that your assets are shielded inside a corporation, not the corporationâs tax treatment.