Research Problem 2. John Curran and his wife own a construction company, and they want to set

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Research Problem 2. John Curran and his wife own a construction company, and they want to set up two new corporations that will be owned by their Roth IRAs. The two Rothowned corporations will then enter into contracts to provide services to their construction company. They believe that the Roth-owned businesses can benefit from the payments and then pay out dividends to each Roth up to $50,000 per year. The couple will continue to do all of the work for the construction company. Advise Mr. and Mrs. Curran about this strategy.

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South-Western Federal Taxation 2014 Corporations Partnerships Estates And Trusts

ISBN: 9781285424484

37th Edition

Authors: William H. Hoffman Jr., William A. Raabe, James E. Smith, David M. Maloney, James C. Young

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