Can Rental Income Cause Your S-Corp To Lose Its Tax Status?
Many business owners keep their building after selling the operating business. A recent IRS ruling explains how rental income can create unexpected risks for certain S corporations and what business owners should consider before making a major business transition.
Can The IRS Disallow A Tax Strategy That Follows The Tax Code?
A recent federal court decision denied more than $100 million of claimed tax benefits because the underlying transaction lacked economic substance. Learn what business owners should know before implementing sophisticated tax planning strategies.