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


  • Subchapter S corporations -- Taxation.

Book details:

Edition Notes

Includes index.

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

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  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.