Making withdrawals from your closely held corporation that aren’t taxed as dividends Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
corporate tax
Avoiding Taxable Dividends when Withdrawing Money from a Corporation
5 WAYS TO WITHDRAW CASH FROM YOUR CORPORATION WHILE AVOIDING DIVIDEND TREATMENT Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a dividend distribution isn’t...
Claiming bonus depreciation on your 2017 tax return may be particularly beneficial
CLAIMING BONUS DEPRECIATION ON YOUR 2017 TAX RETURN MAY BE PARTICULARLY BENEFICIAL With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs...
Trump’s tax plan
Today, Pres. Trump unveiled the general outline for his new tax plan. Yes, to my great amazement, he is talking about simplification of the Internal Revenue Code. I do not know if Congress will let this happen, but the compliance cost of federal and state taxes is far...
2016 Tax Return – Take Bonus Depreciation
WHY 2016 MAY BE AN ESPECIALLY GOOD YEAR TO TAKE BONUS DEPRECIATION Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The PATH Act, signed into law a...
Trump’s Tax Returns
The controversy swirling around Donald Trump’s tax returns is getting more and more ridiculous. First, Donald Trump is continually being audited by the IRS and many state tax agencies. There is absolutely no way his tax attorneys would ever let him release his tax...
European governments attack business!
Thursday, European governments got together to attack people trying to own and control their businesses anonymously. The governments of France, Britain, Germany, Italy and Spain got together to create laws and try to enforce treaties to force banks and governments to...
Establishing an online business in the US – Corporations
Corporations – the traditional business Corporations are the prime type of entity used in publicly traded companies, larger entities, and when the owners want a separate taxable entity from the individuals. A corporation is set up by filing a certificate of...
Establishing an online business in the US
Unlike many countries, you do not have to be a citizen of the United States, or a resident, in order to establish a business in the US. A non-US citizen and resident establish a business without having any kind of immigration visa or any special. That person will be...
Senate Misses the Boat – US High Taxes force Businesses to Move to Other Countries.
(see Cat.com) Once again, Congress is focusing on businesses that have used smart planning in order to avoid the excessive US corporate and personal tax rates as well as the extremely complex compliance costs. Instead of focusing on how to lower US taxes and make tax...
