Here’s good news for C corporation stock owners… 2015 is the first year that you can sell your C corporation stock completely tax-free under Section 1202 of the tax code. That’s right. If you meet certain requirements, you can permanently escape taxes on the appreciation of your C corporation stock. All you have to do is hold your shares for five years before you sell … [Read more...]
Corporations
Sorted by Date
How to beat the “discrimination tax” on HSA contributions
Health savings accounts (HSAs) are wonderful for several reasons… They let you contribute to the healthcare costs of your employees without facing Affordable Care Act (Obamacare) problems… there are no minimums to pay… and there’s no insurance to deal with. All you do is make contributions and get a deduction, and your employees get the income as a tax-free fringe benefit. … [Read more...]
It’s not too late if you missed the S-corporation election deadline
Did you miss Uncle Sam’s deadline for converting your business to an S corporation? Well, it’s not too late to make the change and there are many reasons why you may want to do so. You see, when you’re running your business as an S corporation you can save thousands of dollars in employment taxes every year. And that’s just for starters! More good news… Even if you missed … [Read more...]
How S corporation owners can slash their tax bills
Goldilocks wanted her porridge “not too hot” and “not too cold.” She wanted it “just right.” In the same way, as an S corporation owner who wants to pay lower payroll taxes, you should set your salary at a level that’s “just right.” In other words, you should pay yourself an amount that’s… LOW enough to save you money on taxes, but… HIGH enough to keep the IRS happy (and … [Read more...]
Tax tips for the S corporation owner with a home office
Do you operate your business as an S corporation? Do you also claim the home-office deduction? If you’re answering “yes,” here’s some very good news… With the right tax planning, you can sell your home (containing the office) and defer or completely eliminate your tax bill, including recapture for any depreciation that you claimed! Want to find out how? Easy! Read my new … [Read more...]