Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
November 2013


Word Count:
984

 

 

S Corporation Tax on Built-In Gains Is Trouble


Do you operate your business as a C corporation?

 

Would you like to operate that corporation as an S corporation so that you can avoid double taxation?

 

If so, you need to consider the built-in gains tax. The built-in gains tax scares away many C corporation owners who want to convert their business to an S corporation.

 

Should the built-in gains tax scare you? Will it apply?

The answer depends on the book and fair market values of the assets in your C corporation. For some businesses, the built-in gains tax will be a big problem.

 

How the Built-In Gains Tax Operates

 

If ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS