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1. What are some of the similarities and differences between an S corporation and a partnership? Which type of entity would you prefer for your

1. What are some of the similarities and differences between an S corporation and a partnership? Which type of entity would you prefer for your business and why?

2. How much can an individual give away as gifts each year to a person without having to file the gift tax return? How does this helps in the giftors estate tax planning?

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