Growing business-structured as an partnership


Problem: Your client has a growing business (structured as an partnership). She realizes that given her low AGI at this point in time, she will pay more federal taxes. However, once she can generate a higher AGI, she feels confident that all of the "tax breaks for the rich" will kick in and lower her tax liability to a very low level.

What might you say to your client on this matter as she is expecting you to deliver what she expects in terms of a lower tax rate.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Growing business-structured as an partnership
Reference No:- TGS01620101

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)