What’s the perfect gift for family and friends?
Stock in your S corporation!
That’s right. If you handle things correctly you can save over $6,000 in taxes (versus giving the same dollar-amount in cash.)
Until recently, this income-splitting strategy only worked when you gave stock to adults. But because of provisions of the new Obamacare tax law, you now get a benefit when you shift money to your children, too!
Lots of new, important information is waiting for you when read my new article titled Tax Tips: Obamacare Revives S Corporation Income-Shifting Strategy.
Three ways our fact-filled article can help you:
- We’ll give you the details of a tax strategy that can save you a lot of money. Suppose you want to give your parents a gift of $20,000 to help them out in retirement. What’s the best way to handle the transaction. We’ll spell out all the steps (that can save you a bundle!) when you read the full article.
- You’ll learn how Obamacare (and a new tax strategy) can help your kids. Until recently, there wasn’t much of a reason to shift income to your children under age 24. The “kiddie tax” destroyed most of the benefits. However, the new 3.8% Obamacare tax on unearned income isn’t tied to the kiddie tax. We’ll show you how to shift income to your children when you read the full article.
- We’ll explain how the Obamacare tax impacts S corporation distributions. Because the Obamacare tax is new, you may not know how it applies to your S corporation distributions. For example, do you know the two ways that your S corporation distributions become subject to the tax? If not, I invite you to take a moment and read the full article.