When the Tax and Jobs Act of 2017 was signed into law by President Trump, it was the most significant change to tax policy our country has seen in more than 30 years. One area particularly impacted by ...
Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...
Please provide your email address to receive an email when new articles are posted on . When choosing a structure for a practice, you are making two choices: what legal structure to choose and which ...
As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity. It’s important to communicate those considerations to your clients to ...
Choosing the right corporate structure is one of the first—and most important—decisions a business owner makes. In a recent conversation, Shawn McClelland and Alexa La Barbiera of Mandelbaum Barrett ...
An S corp and C corp share a number of similarities. They are both types of corporations recognized by the IRS. They can also both raise funds by issuing stock to shareholders. However, S corps are ...
Forming a C corporation was once the only way the owner of a small business could shield himself from the debts and liabilities of the company. Other forms of ownership, such as limited liability ...
From a legal perspective, C corporations and S corporations are the same. Both are created under state law. Both create personal liability protection for owners (called shareholders). And both are ...
The deadline for existing limited liability companies and C Corporations to elect S Corporation tax treatment for the tax year 2022 was March 15. So, what happens if a business missed the S Corp ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Flow-through tax treatment is still favored, but now even more so ...
To take advantage of the flat 21 percent corporate tax rate, some S corporations have or are considering a revocation of their S election. There is no consensus among tax professionals whether to make ...
While a 1099 can be issued for a variety of reasons, its most common use is to report non-employee compensation. Both C and S corporations can have employees who receive a W-2 statement and other ...
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