S-corp or C-corp? Which Entity Should you Be?

Both S corporation (S-corp) and C corporation (C-corp) structures share many common benefits; however, there are several notable differences that could have a direct impact on your business.  Some of these differences can be an advantage or disadvantage, at any time, for either structure. Here’s a quick summary of what

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Fake Tax Notice Scam Highlighted in IRS Alert

Tax professionals and taxpayers need to be on high alert concerning a recurring scam involving fake CP2000 notices that are being mailed (via U.S Post Office) to taxpayers under the guise that taxes related to the Affordable Care Act are due. This scam is significant because, by using the U.S.

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Let’s Pretend It Never Happened: Rescission Explained

Sometimes a situation occurs when individuals and businesses complete a transaction or series of transactions, and inform their tax advisor after the fact. Then, when the advisor crunches the numbers, he/she determines that the seemingly benign transaction triggers a substantial amount of income tax. In fact, the size of the

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