double taxation

Shareholders Compensation vs Dividends: An Important Distinction for C Corporations

July 3rd, 2025|Categories: Accountant, Burns Firm, C Corporation, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Double Taxation, Owner Compensation, Owner Compensation vs Dividends, Reasonable Compensation, Tax, tax accountant near me, Tax Advisor, TCJA, Texas CPA, The Burns Firm|Tags: C Corporations, Compensation vs Dividends, CPA, cpa near me, Dallas CPA, double taxation, Owner's Compensation, Reasonable Compensation, tax, tax advisor, Texas CPA, The Burns Firm|

The IRS and closely held C corporations often disagree about the reasonableness of compensation paid to shareholder-employees. The company wants to classify payments to shareholder-employees as deductible compensation expense. [...]

Liquidating a Corporation? Avoid Double Taxation with Smart Planning

September 27th, 2018|Categories: Burns Firm, C Corporation, Merger & Acquisition, Sell Business, Selling a Business, Tax|Tags: avoid tax, double taxation, liquidating corporation, Planning, Sell a business, shareholders tax, tax, tax level, The Burns Firm|

Perhaps you're considering selling off your C corporation's assets and liquidating the firm. Typically, such a transaction is accomplished in three stages: The corporation makes a direct sale of its [...]