“wealthy” taxpayers Tag

Have an “S” Corporation?  Want to acquire a corporation and treat it as a subsidiary?  Want to avoid double taxation on the acquired corporation’s income?  Consider making a Qsub election. An “S” corporation can acquire and own the stock of a “C” corporation.  But having an...

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The New Year's Eve "fiscal cliff" deadline came and went.  To avoid mandatory across-the-board budget cut scenario, the U.S. Senate and House of Representatives on January 1st adopted a compromise measure.  With some modifications targeting only “wealthy” taxpayers, the compromise act permanently extended certain provisions...

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