Is it time to switch to Subchapter S status?
$225.00
Description
Abstract: No one can work forever, a fact that many Baby Boomers are starting to accept. As they face retirement, owners of C corporations who are contemplating a sale may be able to save substantial corporate-level taxes by electing to operate as a “pass-through” S corporation. This article explains how the recently shortened recognition period for built-in gain may provide a tax-saving opportunity for some owners, but why S status won’t work for every business.
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