In any successful family business there will likely come a time when descendants will want to take over the business from the older generation of owners. Usually, this will require that entities will need to be split into different business entities to accommodate both differences between the descendants (perhaps the descendants can’t cooperate with each other) or managing risk, so that high risk business can be separated from lower risk businesses and investments (construction business needs to be separated from investment assets such as stocks, bonds, annuity assets).
Tag Archive for shareholder tax
08 Jan 2018
- What If An S Corp Owner Can’t Afford To Pay Reasonable Compensation?By Kat JenningsThis is by far the number one question we receive, and the answer is both simple and complex. Why? Because the amount of Reasonable Compensation actually paid is tied to distributions, not profit or […]
- J5 Tax Chiefs Closing The Net On Global Tax EvasionBy IRSLeaders from five international tax organizations came together in Sydney, Australia, this week to review the J5’s progress in their fight against transnational tax crime and set priorities for […]
- The Taxpayer Advocacy Panel Is Now Recruiting Volunteers Of CitizensBy National Taxpayer AdvocateThe Taxpayer Advocate Service (TAS) is your voice at the IRS. We take this statement seriously, as demonstrated by the work we do to help taxpayers resolve their tax problems. We do more than resolve […]
- Affordable Care Act Reporting Requirements For EmployersBy Clifford BenjaminThe health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are the employer shared responsibility […]
- Tax Manager – Investment Management (San Francisco, CA)By TaxConnections AdminTaxConnections has been retained by a high net worth family and investment group to locate a Tax Manager in San Francisco, CA. It is an opportunity of a lifetime for a tax professional with the […]
- What If An S Corp Owner Can’t Afford To Pay Reasonable Compensation?
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