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C Corporation? Beware of the Hidden Tax

July 13, 2022

“C Corporation?
Beware of the Hidden Tax”

To get my complete article
with all the details…

Do you operate your business as a C corporation?

Be careful. Missing a dangerous hidden tax can cost you big money!

If you run your business as a C corporation, you have every reason to be happy.

  • You’re enjoying a manageable 21% corporate tax rate
  • You can now keep more money in your corporation

But be aware. If you don’t keep your eye on the ball,

you could have to pay the onerous accumulated earnings tax.

The accumulated earnings tax at a glance.

This tax is a 20% corporate-level penalty tax assessed by the IRS.

It is NOT a tax that’s paid voluntarily along with your company’s corporate tax return.

To trigger the tax, you need to undergo an IRS audit that notes your failure to pay dividends under two conditions.

I’ll tell you what they are when you read my new article.

Here’s how to stay out of trouble and avoid paying the tax.

The IRS will want to know why you need a large sum of money in accumulated earnings.

The trick is to be proactive. Get your reasons and dollar amounts into your corporate minutes!

The IRS gives you 12 reasons to keep the money inside the corporation.

If you want to avoid problems with the IRS, you need to know how to play the game and come out a winner.

We’ll give you the inside story when you read my new article.

The bottom line.

Think of the accumulated earnings tax as a land mine. Take one wrong step and watch your tax returns blow up.

But it doesn’t have to. Here’s my advice I urge you to take…

to read my complete new article titled…

“C Corporation?
Beware of the Hidden Tax”

Filed Under: Audits, Choice of entity, Corporations, Featured Articles, Tax Planning, Tax Policy

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