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

Keep up with Anders

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