S corporation tax planning guide
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S corporation tax planning guide

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Published by Prentice Hall/Rosenfeld Launer Publications in New York .
Written in English

Subjects:

  • Subchapter S corporations -- Taxation.

Book details:

Edition Notes

Includes index.

StatementRichard M. Horwood and Franklyn E. Lee.
ContributionsLee, Franklyn E., 1946-
Classifications
LC ClassificationsKF6491 .H67 1989
The Physical Object
Pagination1 v. (various pagings) :
ID Numbers
Open LibraryOL2201412M
ISBN 10013785692X
LC Control Number89023081
OCLC/WorldCa20418274

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We encourage you to read our book called Taxpayer’s Comprehensive Guide to LLCs and S Corps. The book includes topics such as self-employment taxes, S Corp elections, health insurance, retirement planning, hobbies. This case study has been adapted from PPC's Tax Planning Guide: S Corporations, 33d edition (March ), by Andrew R. Biebl, Gregory B. McKeen, and George M. Carefoot. Published by Thomson Reuters/Tax & Accounting, Carrollton, Texas, (; ). The Deloitte essential tax and wealth planning guide, released in two parts over the coming months, is focused on those unexpected obstacles. This year’s Guide covers the high net worth tax planning issues critical to building and sustaining an effective wealth and tax plan .   Back in August, the Wall Street Journal’s Chris Jacobs exposed how the Biden family structured what is called an “S-Corp” to avoid paying hundreds of thousands of dollars in taxes. “How the Bidens Dodged the Payroll Tax,” was Jacobs’ headline on Aug. In it, the Journal details how the Bidens set up an S-Corporation to avoid paying more than half a million dollars in taxes they.

  The S corp tax designation allows corporations to avoid double taxation. S corps are pass-through tax entities. This means that the corporation itself is not taxed on its profits. The profits are passed onto the shareholders and are taxed as personal income, much the way an LLC is taxed. Tax Benefits: S Corporation vs Default LLC. As long as LLCs, partnerships, and S corporations form the backbone of many CPAs’ practices, in-depth knowledge of all tax aspects of these entities will be essential. The purpose of this practical course is to focus on planning issues in creating, operating, and liquidating S corporations.   Corporate Tax Rate - and Other New Changes. The Tax Cuts and Jobs Act has made some changes that affect corporations and S corporations. The biggest change was the elimination of the tax schedule and a new flat corporate income tax rate of 21% of corporate net income. The change in the corporate tax rate doesn't affect S corporations, because the owners of an S corporation . See also the Business Tax Planning package, which includes the online version of this PPC planning guide.. PPC’s Guide to Tax Planning: Partnerships will enable you to comfortably and confidently identify, evaluate and implement tax-saving strategies for partners and Guide explains, in detail, the tax consequences associated with forming, capitalizing, operating, and.