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November 25, 2022

Identified a Tax Savings Scenario by Grouping Interrelated Businesses

Identified a tax savings scenario by electing to group interrelated businesses we enabled our client to treat otherwise passive income as non-passive for purposes of the 3.8% net investment income tax.  By doing so, we were able to reduce the taxpayers’ current year tax liability by nearly $16,000.

Learn more about Real Estate and Construction Services and Tax Planning and Compliance.

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