The importance of S corporation basis and distribution elections

Business Deductions, Business Start Ups, C Corporation, S Corporation, Shareholder, Small Business, Strategic Business Planning, Tax, Tax Deduction, Tax Planning /

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses. Conversely, as an S corporation shareholder, you can deduct your percentage share […]

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