Article Date:
May 2025


Word Count:
147

 

 

Is the Professional Association a Tax Problem?


The professional association and the professional corporation are state-required designations for certain professionals such as doctors, lawyers, accountants, engineers, and many others.

 

From a federal income tax standpoint, there’s no difference today between a professional and a regular corporation—thanks to the Tax Cuts and Jobs Act, which created a single tax rate for C corporations. The professional association and the professional corporation are C corporations unless they elect S corporation status.

 

The corporate articles and strategies that you find on this website ... 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