Posted on 16 January 2010
If you haven’t yet checked out the coaching schedule at USTaxAid, take a second to do it here: http://www.usataxaid.com/coaching/
We’ve had a record number of people sign up for the coaching classes and are getting rave reviews. Our next session is January 22nd on C Corporation Tricks and Traps. When you sign up, you get copies of the last session (audio, written manual, homework PLUS taped coaching session) and will be able to download the next two programs.
Now, here’s the great news: Membership in the coaching program is included as soon as you become a client at US TaxAid Services.
Posted on 16 January 2010
What have you heard about C Corporations? It seems that people either think they are the best thing since sliced bread or the stupidest idea ever.
Recently I reviewed the tax returns for a prospective client. This is a FREE! service that we do for any business owner or investor who asks. I personally will look at your past returns to see if there is money you’re leaving on the table.
In this case, the taxpayers had heard about how the C Corporation could save them thousands of dollars and so they set one up for their real estate. And the real estate was losing money. There are two problems with this scenario: (1) If the real estate was going up in value, then you’d pay more taxes holding the appreciating assets inside a C Corporation. Never put appreciating assets inside a C Corporation. (2) The losses were captured inside the C Corporation.
Don’t know or care whether a C Corporation is right for you? That’s okay! As one of our clients at USTax Aid Services, we’ll work with you to create the best strategy and then implement it for you. Plus, of course we prepare the tax returns and are available for unlimited consulting. Give us a call!