IRS SOLV



« | »

Subchapter S Considerations

Subchapter S Considerations

HOW THE NEW TAX LAW WILL AFFECT SUBCHAPTER S CORPORATIONS

Following months of political wrangling, President Bush signed the Small Business and Work Opportunity Tax Act of 2007, which is part of a much larger and more controversial bill, the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007 (H.R. 2206). Here is a tax attorney’s look at how S Corporations will be affected. S Corp Package. Several modifications to the S corporation rules that will help small businesses keep the tax benefits of being an S Corporation. The legislation’s Subchapter S provisions would facilitate the use of S corps by closing some of the traps that could trigger termination of S corp status and by reducing the taxes owed by the shareholders of an S corp:

Call us for more information, or see IRS-SOLV!

[an error occurred while processing this directive]

« | »



Pages