The WealthAbility Show with Tom Wheelwright, CPA cover image

Pay No Tax When Selling Your Business

The WealthAbility Show with Tom Wheelwright, CPA

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How Can I Lower My Taxes?

You may want to be a sea corporation. Even if you don't qualify for section 12 o two, you may wants to be a sa corporation. I think there are some professional service companies, firms, who should be sea corporations because they're not pulling their money out. They're building in by adding employees. And that's why we have this huge tax rate of 21%. So even professional service corporations, some should absolutely be sea corporations. How can i do it and still take out money? These are the questions that make us actually better taxpayers and actually help us be better citizens.

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