Many of our clients and friends have been pining for an explanation on the new tax law impact in plain English. Our team has cobbled together this handy list of bullets along with some lagniappe; a comparison of tax rates before and after the law and collection of considerations you may want to use in a comparison of C Corp VS. S Corp filing status. Bear in mind that the IRS has yet to speak as to its application and interpretation of the new tax law so some “adjustments” to this information may need to be applied. See the attached docs.
18-01 Client Letter on New Tax Law
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