How do you get around the problem of double taxation? This is the big question to solve for any client with a C corporation. Unfortunately, taxpayers will sometimes try to apply tax reduction strategies without realizing the limitations—and very real consequences—in place. A major example is the practice of using a C corporation as an
Don’t Get Sneaky With C Corps Read More »
Though C corporations are not known for being tax advantaged, these entities do come with hidden benefits if you know where to find them. If you’re a business owner in a high tax bracket, the flat 21% corporate tax rate can be an attractive perk. However, this can also lead to the temptation to leave
C Corporations Are For… Dragons? Read More »
C corporations have a reputation as the worst option for keeping your taxes low. Is that really the case? Those who disparage C corporations typically point to one significant downside: double taxation. In a C corp, business income is taxed first at the entity level and then again at the individual shareholder level. With double
Who’s Afraid of the Big Bad C Corp? Read More »
The common perception is that C corporations are the worst option when it comes to keeping taxes low. The most-cited reason? Double taxation. C corporation income is first taxed at the entity level at a 21% flat rate. The second hit comes when those dividends are distributed to the shareholders—this time at personal income tax
Is There a Good Reason to Choose a C Corp? Read More »