Avoiding Double-Taxation on C Corporations
C corporations are often an excellent but overlooked entity choice in estate planning. With the passage of the Tax Cuts and Jobs Act, the new C corps tax rate is 21% while the top individual tax rate is 37%. To take advantage of the lower fixed rate, many of your clients may wonder if they should convert their partnerships, LLCs, or S corps into a C corps.
However, fears of the dreaded "double taxation" may lead some to reject C corps without a closer look. But, double taxation can be decreased, and in some cases avoided, making it an option worth considering. Read this Insight Brief and learn the strategies to minimize the effects of double taxation.
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Preservation of S-Corp Status in Trust Administration
Download the article to find out why it is critical to examine how to preserve S-corp status at all stages of the estate planning life cycle.Learn More
Risky Business: Shell Games and Substantive Consolidation
A recent Bankruptcy Court case, In re Cameron Construction & Roofing Co., Inc., serves as a reminder that an entity formed for asset protection purposes must be operated as a legitimate, separate entity from its owner and any affiliated entities, or it may risk substantive consolidation in a bankruptcy proceeding.Learn More
Business Structuring Aspects of the PATH Act
This article discusses changes effected by the PATH Act for C corporations considering S elections and gain on sale of C corp stock.Learn More