CHOICE OF BUSINESS ENTITY UNDER NEW TAX ACT
Under the 2017 Tax Cuts and Jobs Act, “regular” corporations (also known as C-corporations) will see a dramatic change in their Federal tax rates. C-corporations with less than $50,000 of taxable income will see a tax increase from 15% to 21%. Federal tax rates for C-corporations with taxable income in excess of $50,000 will now Read More…