Overview

Book Introduction. 5 Part 1: Setting Up Your C Corporation for Maximum Tax Efficiency. 30 Chapter 1: Formation and Structure. 30 Choosing the Right State for Incorporation. 30 Setting Up Your Corporation: Legal and Tax Considerations. 36 How to Maintain Corporate Compliance. 43 Chapter 2: Understanding C Corporation Taxation. 50 How C Corporations Are Taxed. 50 Double Taxation Myth and How to Avoid It. 58 Tax Rates and Deductions Available. 64 Chapter 3: Salary vs. Dividends vs. Fringe Benefits. 72 Optimal Compensation Strategies. 72 How to Minimize Payroll Taxes Legally. 79 Using Fringe Benefits to Your Advantage. 87 Part 2: Using a C Corporation in Personal Life. 97 Chapter 4: Deducting Personal Expenses Legally. 97 Turning Personal Expenses into Business Deductions. 97 Meals, Travel, and Home Office Strategies. 101 Chapter 5: Healthcare and Retirement Tax Benefits. 105 Health Insurance Premiums and HSAs. 105 401(k), SEP IRA, and Pension Plans. 109 Chapter 6: Family Employment Tax Strategies. 115 Hiring Family Members to Reduce Taxes. 115 Utilizing Children's Tax Brackets. 120 Utilizing Children's Tax Brackets: Strategic Savings Through Family Employment 120 Part 3: Leveraging a C Corporation in Business. 125 Chapter 7: Business Expenses and Deductions. 125 Office Space, Equipment, and Vehicles. 125 Entertainment and Professional Development Deductions. 130 Chapter 8: Tax-Free Fringe Benefits. 136 Employee Benefits That Reduce Taxable Income. 136 Maximizing Travel and Per Diem Allowances. 142 Chapter 9: Profit-Shifting and Tax Deferral Strategies. 148 Using Multiple Entities for Tax Savings. 148 Income Splitting Techniques. 154 Part 4: Using a C Corporation for Real Estate Investments. 160 Chapter 10: Holding Real Estate in a C Corporation. 160 Pros and Cons of Holding Real Estate in a Corporation. 160 Avoiding Double Taxation on Real Estate Profits. 165 Chapter 11: Deducting Real Estate Expenses. 172 Depreciation and Cost Segregation. 172 Mortgage Interest and Property Tax Deductions. 177 Chapter 12: Tax-Advantaged Real Estate Strategies. 184 Leaseback Strategies for Personal and Business Use. 184 1031 Exchanges and How They Apply to C Corporations. 189 From Formation to Financial Mastery. 195

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