July 27, 2018
CNBC spoke with Melville Office Managing Partner Carolyn Mazzenga, also national leader of the Family Wealth Services group, about the long-range tax implications of converting a pass-through entity to a C-corporation.
CNBC
By Darla Mercado
Excerpt:
“Selling a C-corp can become very tax-expensive,” said Mazzenga at Marcum. This is because owners face a double tax once they sell the assets of the company: First, they pay the corporate rate of 21 percent, and then owners cough up a 20 percent tax for distributions they receive.
