S corporations and C corporations’ business structures derive their names from the sections of the Internal Revenue Code under which they pay taxes. S corporations pay taxes under Subchapter S while C corporations pay taxes under Subchapter C. Common qualities of both S corporations and C corporations Structure: C corps and S corps have directors, officers, and shareholders. […]
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The Difference Between a Will and Inherited Trust From a Tax Stand Point
When it comes to the death of a loved one, it can be difficult to understand what is going to take place with their property and how to count it when paying taxes. It’s difficult understanding the differences between a will and a trust. The difference between wills and trust from a tax standpoint varies from state […]
What Is Litigation Support, and Do You Need It?
Litigation support professionals play a crucial role within law firms and help to reduce some of the pressure on attorneys who deal with many cases and have large discovery responsibilities. But what exactly is litigation support, and what do litigation support specialists do? Here’s a quick overview of what you should know so you can […]
How to Prove Embezzlement in Small Businesses
Business owners are well aware that one of the costs of doing business is that, at some point, it’s a real possibility that staff will steal from the company. In the vast majority of cases, these thefts take very minor forms, such as taking home office supplies or not paying for meals. There are some […]
How to Calculate Separate Property and Community Property Specifically for Real Estate in a Divorce
Depending on how long your marriage lasted, you could have a significant number of financial entanglements. Many couples buy at least one home over the course of their marriage, which might be funded with personal savings, community funds, inheritances or other gifts. When it’s time to separate your finances, you may need a forensic accountant […]