What are the main factors that decide an entity tax filing selection?
1.) If an entity net income is at 37% individual tax rate, can select C corp without thinking?
2.) If an entity net income is about 300K, which is a better option? LLC, 1120S, or 1120C?
3.) If an entity with three partners. which is a better option, 1065, 1120S, or 1120C?
4.) if a LLC or a S corp sold after 5 years. can 50% of capital gain be tax excluded?
I have a small library of resources for these questions. I suggest you start one.
"without thinking"." There are only a few tax issues that can be solved "without thinking." What do you mean?
Link to first post:
I'm curious, since from July, is this the semester or quarter system 😉
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