Summit CPA has joined Anders. See how we are achieving our highest potential — together. Learn More

November 25, 2014

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.

All Insights
Array ( [0] => rec )

Keep up with Anders

Want to keep up with all the latest insights from Anders? Subscribe and receive the information that matters to you.