Deductibility of S Corporation Losses and Deductions Please respond to the following:

• Per the text and IRC, losses and deductions of an S corporation pass through to the shareholders of the corporation and are limited to the shareholders’ basis in the S corporation. Suggest a plan for a client to increase the deductible pass through loss and deductions over the initial investment from a new wholly owned S corporation.
• Analyze the major advantages and disadvantages of using the plan you created on tax planning in the first part of this discussion for future years.

WEEK 7 DISCUSSION 2

S Corporation Distributions and Taxation Please respond to the following:

• From the e-Activity, differentiate between the  by GoPhoto.it V9.0″ href=”/messages/view/1245973#”>S corporations at the corporate level. Create a tax-planning strategy to prevent the S corporation from the payment of these taxes.