Tax Services:

C Corporations

A number of closely held businesses are C corporations because they were organized many years ago or have shareholders that are not qualified as S corporation shareholders. Taxation of closely held C corporations and their shareholders is a very complex area of tax law that offers opportunities and traps for the unwary. Sisterson has had many years of experience in dealing with these issues, including:

• Compensation arrangements between corporations and their shareholders
• Dividends
• Transactions between corporations and shareholders and/or related parties
• Debt/equity issues
• Alternative minimum tax planning
• Calculation of earnings and profits
• Evaluation and planning for personal holding companies
• Accumulated earnings tax
• Liquidation and redemptions
• Distributions of property
• Planning for income and loss from passive activities
• Reorganizations