Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Richard Nehrboss who wrote (2311)	9/29/1999 11:41:00 PM
From: Colin Cody	Read Replies (1) of 5810

Richard, A C-Corp paying a dividend is double taxation. You might consider paying a salary & pension plan contribution. You also might consider electing S-Corp. Little/No double taxation and no accumulated earnings tax.. IF you clear out all prior C-Corp earnings... or start out right. form a new corp and immediately elect S-Corp status. You'll never have the accumulated earnings tax problem again! Colin

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