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Major Tax Planning Strategies #2 and #3 — Shifting and Converting Income From High Rates to Low Rates RPF0041

Radical Personal Finance

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Shifting Income Among Family Members

In the united states, we have various typesf of entities. Therewold be l l o, p et cetera, belicious stick with a stick with a sole proprietorship and a c corporation. So if we shift income from the corporation to the owner, then the corporation basically is ting a tax deduction for itself. We could also do things like have the business owner rent property to the corporation or lend money to the corporation.

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