C corporations cause double taxation for business owners, so you probably think you want to avoid them at all costs.
And for many of you, this is true, as the S corporation often provides the lower overall tax outcome.
But for some of you, the C corporation could provide the best tax outcome, especially since you can bypass the $10,000 state and local tax (SALT) deduction cap, which was introduced by the Tax Cuts and Jobs Act (TCJA), with a C corporation.
As you read the article, you’ll discover how you can regain at least some (maybe all) of your SALT deduction—and when to take a second look at the C corporation as a possible entity for your business. ... Log in to view full article.