Re-evaluating your choice of entity after tax reform
RECORDED WEBCAST |
Most pass-through businesses consider their entity structure only once, at the time of formation. However, the Tax Cuts and Jobs Act has taken the traditional rules and turned them upside down. Corporate tax rates have been slashed from 35 percent to 21 percent while pass-through businesses such as S corporations and partnerships may now qualify for a new pass-through deduction that would effectively cut their tax rates from 39.6 percent to 29.6 percent.
Re-evaluating your entity structure has never been more important.
Join us as we discuss how tax reform has transformed the playing field for pass-through entities. During this 60-minute webcast, we will discuss:
- Why should I remain an S corporation, effectively paying a 29.6 or 37 percent tax rate, if I can get a 21 percent tax rate as a C corporation?
- Can my partnership convert to C corporation status and enjoy the lower corporate tax rate?
- ·Are there issues beyond the annual tax savings I should be considering?
- What role do state and international considerations play in this decision?
you may also be interested in
The new tax legislation is the most significant tax overhaul to the U.S. tax code in 30 years. How will tax reform affect your tax planning?
Pass-throughs should review their strategy for dealing with self-employment and net investment income taxes as part of new law review.