Tax Law for the Closely-Held Business. Posted in Federal Tax Issues. In general, a C corporation may achieve pass-through treatment for income tax purposes, without triggering immediate income or gain recognition, by electing to be treated as an S corporation. One caveat to this general rule, however, is the so-called LIFO Recapture rule. However, in a recent Field Attorney Advice.

Hire an attorney who has worked for the IRS for 15 years and has been in private practice for over 25 years to secure the benefit of the experience of someone who has worked on both sides. You can hope they will go away - and watch them grow. Or you can call in a professional.

In typical Chinese style a group from Hwuason. Joined together on New Years eve to share lunch, reminisce about the year ending and, once again in very typically Chinese style, extend numerous wishes for the coming year, 2010. Hwuason wishes all readers and clients. A belated Happy New Year and hopes that everyones fortunes prosper in 2010. 8211; these are circulars.

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