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Business & farm
Someone needs to run the numbers here to see what scenario works best, but just real quickly I have a couple of comments:
- Am I missing something, or do you think the C corp won't have to pay any tax on the revenue? Both federal and state.
- And since this is a C corp, you will have double tax as to get the $$ out you will need to pay out a wage or dividend, either one which will be taxed.
- Finally, you are basing a long term decision based on current tax law, which as we all know can quickly change
- This is complicated enough that you need to spend the $$ to consult with a tax professional that understand both U.S. and Irish tax law. In my mind, this is not an area to be penny wise and pound foolish.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎August 12, 2019
6:50 AM