The Tax Cuts and Jobs Act is considered the most sweeping tax law change in decades, and, for many individuals and businesses, the massive and complex changes will have a profound impact. This includes the impact on choice of entity decisions, affected by how C corporations and pass-through entities will be taxed under the new Act. These drastic changes may cause many businesses to reconsider their current entity structure. The all-new CCH(R) AnswerConnect: Tax Cuts and Jobs Act Impact - Guide to Choice of Entity discusses the factors involved in choosing a form of business entity. The options available include being taxed as a C Corporation, where the entity is responsible for paying taxes, or being taxed as a pass-through entity, where the individual owner of the entity is responsible for paying the tax. With this authoritative guide you will gain a more solid understanding of the tax implications of choice of entity, the advantages and disadvantages of changing entities and the factors to consider before making that decision. The CCH Answer Connect Guide on Choice of Entity discusses the factors involved in choosing a form of business entioty after the Tax Cuts and Jobs Act.. Basically the choice is either a C Corporation where the entity is responsible for paying the taxes or a Pass-Through Entity (S Corporation or Partnership) where the individual owner of the entity is responsible for paying the tax. Factors to be considered in making this choice include, among others, the number and types of owners, the jurisdctions in which the business operates, the type of business and industry and the desired tax treatment.. Many businesses may feel that the tax treatment of a pass-through is more favorable because pass-throughs are not subject to a double tax and pass-throughs are able to utilize the capital gain tax rate on the eventual sale of the assets of the business. Hiowever, the changes made to the corporate tax law by the TCJA, such as the reduced tax rate of 21% may make the C Corporation entity more attractive.
The CCH Answer Connect Guide on Corporations explains the implications of the changes made by the Tax Cuts and Jobs Act. affecting C Corporations.
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Your Complete Guide to a Better Bottom Line Barbara Weltman. business can affect your bottom ... The choice of entity is affected by the Tax Cuts and Jobs Act and whether you should consider changing your entity choice at this time.
Your Complete Guide to a Better Bottom Line Barbara Weltman ... The choice of entity is affected by certain key changes made by the Tax Cuts and Jobs Act and whether you should consider changing your entity choice.
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Fundamentals of Corporate Taxation: Cases and Materials
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That percentage increases to 56 percent, however, when surveyers also state that the revenue from the tax would be returned to the public as a tax rebate (Amdur, Rabe, and Borick 2014). In another survey, researchers asked Americans how ...
Basic Guide to the National Labor Relations Act
In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application.