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LLC to C Corp Payments: Tax Implications
I have a W-2 income and own an LLC (pass-through taxation) and a C Corporation (not pass-through). If my LLC pays my C Corporation for services rendered, will that lower my overall taxes by reducing my LLC + personal income which is taxed at ~38% but the tax rate for the C Corporation is lower at 20%?
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‎July 14, 2024
8:25 PM