IRS monitor income on S corp. question - Posted by D

Posted by D on October 27, 2003 at 11:27:41:

Thanks Clint…

IRS monitor income on S corp. question - Posted by D

Posted by D on October 24, 2003 at 13:56:42:

When should you change a S corp. to a C corp.? What is the maximum income?

Re: IRS monitor income on S corp. question - Posted by Clint Coons

Posted by Clint Coons on October 25, 2003 at 10:53:47:

D,

This question comes up all the time in my real estate tax and asset proteciton seminar. My typical response is why would you ever want to be an S Corporation unless you are a professional. The C-Corporation offers a number advantages the primary advantage being your control over your receipt of income. As you know, everything you earn through your corporation is taxable to you at the end of the year regardless if you take the money out of your corporation. Thus, I desire the control a C-Corp provides to move money into different taxable years. Thus, to answer your question… now.

Very truly yours,

Clint Coons
Anderson Law Group, PLLC
www.alglaw.com