AFTER 35 YEARS WE WILL BE CLOSING THE BUSINESS ON MAY 31, 2022. WE WILL NOT BE ABLE TO PROVIDE TECHNICAL SUPPORT! |
C vs. S Corporation AnalyzerThis page has moved to denvertax.com/c-corporation_s-corporationOverviewThe DTS C Vs S Corporation Analyzer will be able to answer these and other questions regarding the bottom line tax costs or savings of S Corporations. You can use S Corps as tax savings vehicles, if the company is running losses, if the company is a personal service corporation, if there are unreasonable compensation or accumulated earnings issues, etc. S Corps can also have tax costs due to higher individual rates, fringe benefits taxable to shareholder/employees, etc. There is also an aggravation factor for you and your clients in dealing with S Corps, and the aggravation better be justified with tax saving. You can figure out what the savings or costs of being in a S Corporation is. You prepare two complete tax projection for the corporation and every shareholder. One projection would assume that the corporation is a S Corp, and the other projection would assume the corporation is a C Corp. You would have to consider all sorts of items, to name a few, fringe benefits, §1231 limits, capital loss limits, various itemized deduction limits. This is very time consuming. It will take hours to do. The C Vs S Corporation Analyzer does this for you in seconds. Some of our customers tell us that they use this program annually for each S Corp client. The program is so reasonably priced that, after charging a modest fee for computer time, the program has paid for itself many times over. Run this program for your C Corp clients to see if they should switch to S Corps. |
Denver Tax Software, Inc. CopyrightŠ 1997-2022, Denver Tax Software, Inc. |