TITLE

To be or not to be an S corp is the question

AUTHOR(S)
Blackman, Irv
PUB. DATE
August 2011
SOURCE
Contractor Magazine;Aug2011, Vol. 58 Issue 8, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the difference between a C corporation and an S corporation and the advantages and disadvantages of being an S corporation in terms of taxation in the U.S. It mentions the advantages of being a C corporation including the ability to maintain the taxable profits under 125,000 dollars, the benefit of health insurance deductions, and the tax credit. It suggests that S corporations should take advantage of the tax breaks available to them.
ACCESSION #
65957539

 

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