Are you running an S corporation?
Then you may be suffering from C corporation envy.
Why? Because thanks to the 2018 Tax Cuts and Jobs Act, C corporations now only pay a flat 21% tax rate on corporate profits which looks pretty darn good.
But remember, looks can be deceiving, and before you think about giving up on your S corporation, take a minute and read my new article titled Tax Tips: Tax Reform Creates an Unfounded Desire for the C Corporation!
Three ways our fact-filled article can help you:
- You’ll learn why a change in strategies may be in order. In the past, C corporation owners kept wages high to avoid double taxation. But the new law means that old strategies may not work any more as you’ll discover when you read the full article.
- We’ll show you how to make a smart decision. You see, we’ve created a chart that will show you at a glance how S and C corporations stack up when it comes to your tax obligations. The chart will make everything crystal clear. Don’t miss it. Read the full article.
- We’ll explain the thinking behind the chart. We want you to understand our methodology which includes consideration of your Form 1040 tax bracket, your K-1, the net investment income tax, and more. All will be spelled out in detail when you read the full article.