Tax Rate Hikes Have S-Corp Owners Considering A Change In Their Corporate Structure

The rise in personal income tax rates has many S-Corp owners in a “wait and
C” position.  The “C” stands for C-Corp, and according to a recent piece in
The Wall Street Journal entitled, “Firms Puzzle Over Tax Riddle”, many
owners are changing or considering changing their tax status, from S to C,
in order to avoid paying higher taxes.  I strongly recommend having a
conversation with your legal and tax professionals to determine if you are
taking full advantage of the tax strategies available under existing law.
The result may be a demonstrably significant tax savings.

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Filed under Franchise Insight, Franchisors & Obamacare, In The News, Restaurant & Hospitality Law, The Franchise Legislation Monitor

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