Watch for S corp additional tax- W Murray bradford

 

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Do you operate your business as a C corporation?   Would you like to turn it into an S corporation?   If the answer is "yes," be very careful! You see the IRS's "built-in-gains" tax keeps a C corporation from wriggling out of double taxation by switching to an S corporation and then instantly selling or liquidating all its assets.   If you want to stay in Uncle Sam's good books and make the transition to S corporation status as smooth as possible, read my new article titled S Corporation Tax on Built-In Gains Is Trouble.   Three ways our fact-filled article can help you:  We'll tell you how the built-in-gains tax works. Lawmakers wanted to make sure you didn't skip paying taxes so they enacted the harsh built-in-tax. It was designed to impact S corporations that sell assets they once owned while operating as a C corporation. We'll make everything clear when you Read the FREE article. You'll learn why you should get an appraisal pronto. If you're going to make the switch to an S corporation, the first thing you need to do is get an appraisal. Why? Because appreciation that takes place after the conversion is not subject to the built-in gains tax! You'll get the whole story when you Read the FREE article. We'll explain why smart planning is so important. To put it simply . . . if you want to reduce your built-in-gains taxes, sell your built-in-loss property to offset your built-in gain property. And make sure you do this in the same taxable year! You'll get all the details when you Read the FREE article. To get started, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read, not only the article I mentioned above, but all of our helpful tax-saving tips from the last two months. This trial is absolutely free and there are no strings attached. That's a personal promise.   Sincerely, W. Murray Bradford, CPA Publisher Tax Reduction Letter (877) 829-9673 M-F toll-free www.bradfordtaxinstitute.com

 

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