Kicking the (Tax) Can Into a Corporation

Fund managers love to save on taxes. One asked me on Zoom: "Why don't we just make it a C corporation?" In his mind, he was cutting his tax bill by more than half. Three years later, he undid the whole thing.

This week's Secret Art of Planning, my tax planning newsletter addresses family offices and the accumulated earnings tax - a tax that does not even have a way for you to pay it.

At Frazier & Deeter, we work through decisions like these every day for our clients. Follow me to subscribe to my weekly newsletter. Also check out a new family office article every Thursday with Jeffrey Rosen, CPA, CGMA, MBA.

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