Article Date:
August 2013


Word Count:
542

 

 

Fatal Error Makes Management Service Firm Fail as a Tax Strategy


Have you considered creating a management service company as a way to save money on your taxes?

 

Would the IRS allow your management services company?

 

How could you fumble the tax deductions?

 

Situation

 

Dr. Elick consulted a retirement plan professional to help him establish an employee benefit plan. As a result of the professional’s advice, the following sequence of events took place:

 

1.

Dr. Elick became the sole owner of 100 percent of SD Management Group, Inc. (SDM), an existing corporation.

2.

SDM established an employee stock ownership ... Log in to view full article.

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