Entity planning is a critical part of tax planning for nearly any business, but it can be especially true for businesses that are trying to achieve the lowest possible tax rate on real estate transactions, according to Stephen L. Owen in a recent issue of CCH’s Journal of Passthrough Entities. Owen is a partner in the Washington, D.C., office of law firm DLA Piper Rudnick Gray Cary US LLP. Owen walks tax professionals through the use of various entities, including C corporations, S corporations, LLCs and partnerships and discusses how the choice of each entity can affect taxpayers’ ability to achieve real estate capital gains.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products.