To paraphrase Bob Dylan, “the tax laws they are a changin.”
This means that if you’re running your business as an S corporation you need to understand the current law and make plans accordingly.
For example, consider this…
High individual-rates and low corporate-rates might make a switch to a C corporation a very smart decision.
Why should you consider making the change? You’ll find out when you read my new article titled Tax Tips: Good-bye, S Corporation; Hello, C Corporation or Proprietorship.
Three ways our fact-filled article can help you:
- You’ll learn two ways to terminate your S corporation. We’ll tell you exactly how to proceed whichever method you choose. We’ll also explain why you should plan for the long term (important!) when you read the full article.
- You’ll learn the two steps you need to take to revoke your S corporation. The IRS needs a statement from you and you need consent from half of your shareholders. You’ll get the whole story when you read the full article.
- We’ll provide sample copies of the two forms you need. Sure, you can reinvent the wheel and create the forms from scratch. But why? You’ll get sample forms from us at no cost whatsoever when you read the full article.