I'll be honest I'm not sure, new territory for my husband and I...it was recommendedby the taxi medallion broker (not tax guy) to to set up the taxi medallion a...

Hi... it was to avoid being double taxed at a corporate level and then with distributions..to avoid 2 levels of taxation

Interesting information...I will definitely bring this to the tax guy's office.Thank you kindly again for your suggestions....

Yes, he does receive a tax credit/subsidy(small amount which may decrease/or drop off w/ new business income). He opted to receive the subsidy/tax credit on a m...

Well, we have a tax guy but its been 2 weeks since they were not responding and now out of the blue they want to charge us a consultation fee all of a sudden fo...