WHY DO LLC MEMBERS AND PARTNERS SOMETIMES REPORT MORE INCOME ON TAX RETURNS THAN THEY RECEIVE IN CASH? If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be taxed on more partnership income than was...
Innovative Strategies For Winning Tax Controversies, Business Structuring And Estate Planning
pass-through entity
LLC vs. C Corporation vx. S Corporation under the new Tax Cuts
CHOOSING THE BEST BUSINESS ENTITY STRUCTURE POST-TCJA For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The...
