Tax Planting - The Question Always Should Be, Can I Do This?

One of our goals with tax planting is flexibility. We have so much flexibility when it comes to the different entities we use, that most people never even consider. For example, if you have an established business, you can't convert from s corporation to se corporation and get the 12 o two benefit. You can, however, set up a subsidiary to your x corporation,. contribute all your assets to the subsidiary and get 12 o two treatment. And so it qualifies for section 12 o two.