Ensure That Your Clients’ Trusts Don’t Endanger Their Coperations’ S Status

In the Press · April 29, 2015

"Most advisers work with a client in either a business or a personal
capacity, but not both. Not so with the CPA, who often understands both
a client’s business/corporate affairs and his or her personal
financial and income tax affairs. This vital perspective puts the CPA
in a unique position to bridge the client’s corporate and personal
plans so problems are averted, which is especially important when the
client owns stock in an S corporation. Items in a client’s estate plan,
particularly trusts, can invalidate a corporation’s S status if the
proper precautions are not taken. The CPA is well-positioned to
identify parts of an estate plan which may threaten a corporation’s S
status."

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