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: Leo Yohan who wrote (1715)	1/4/1999 7:54:00 PM
From: Carl R.	Read Replies (2) of 5810

If it is a "C" corporation, I believe that dividends can be received tax free eliminating one level of taxation. Also, if he owns a majority interest in an operating company he can consolidate the operations, and thus avoid the holding company penalty. Or perhaps he does real estate development on the side, which could also be a non-holding company activity. My bet is that he has some form of operations so as to avoid the holding company tax. Since you are more familiar with the tax code than I am, I'll ask you if an LLC might help pass through the income? Nice to see you again. It's been over a year since your last post to the TRKN thread. Carl

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