New Tax Law Enhances the Appeal of C Corporations

Many owners of private companies have been leery of operating as a regular C corporation because it exposes them to double-taxation of business income. First, a corporate income tax applies to the company’s profits. Second, any dividends that pass to shareholders are subject to personal income taxes. Making matters even more expensive, C corporations don’t […]

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Making Stock Sales Less Taxing

Patient investors have generally prospered over the long term. Nevertheless, there are many reasons for selling stocks. Knowing the basics can help improve your tax position. Selling shares held in a taxable account will trigger taxable capital gains or losses, unless the sale proceeds are exactly the same as your basis ― your cost for […]

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