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Avoiding Double-Taxation on C Corporations

Estate_Planning Estate_Planning_and_Probate, Business_Law, Choice_of_Entity,

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"...

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