Legislative Suspense Over S Corps Unlikely to End

Wednesday, 28 July 2010
Tax

Accountants love to talk about S Corporations. It's probably because there are so many of them, especially among the small businesses that are the clients of so many small accounting firms. And right now, proposals that have floated in and out of Congress in extending tax cuts but changing S Corp taxation to help pay for those have part of the profession sitting on the end of its seats, as though it was the second part of a three-part movie series.

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