James and Dean plan to start a new business but have not decided whether to organize as
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James and Dean plan to start a new business but have not decided whether to organize as a partnership, an S corporation, or a C corporation. They are interested in taking advantage of any tax-free fringe benefits that may be available to them. Discuss the advantages and disadvantages from a fringe-benefit perspective of each form of business entity.
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Owners who are employees of a C corporation are eligible for all the employee fringe benefits dis...View the full answer
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Jehal Shah
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Related Book For
Taxation For Decision Makers 2020
ISBN: 9781119562108
10th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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