Small C & S Corporations (Series 200: Investors and Business) (Paperback)

~ (Author) "What makes a corporation so different from that of a human being?..." (more)
Key Phrases: ordinary gross income, personal holding company income, taxable year, Tax Court, Secretary of State, Internal Revenue Code (more...)

Editorial Reviews

Product Description

Owners of small C & S corporations will learn how to emerge from IRS suspicions of improper personal gains when conducting businesses as private entities. This book examines the characteristics of a bona fide corporation with annual gross receipts under 5 million. These businesses, known as small C or S corporations, can play a vital role in the enhancement of personal wealth by those owners who are prudent and visionary-provided such owners observe the tax laws. Topics covered in this book include accounting consistency and methods; the omens of undercapitalization; the importance of balance sheets and C vs. S treatment of retained earnings; expenditures that are expressly not deductible; and "tax basis" establishments in each share of stock held. Featured in detail are explanations of sections of the tax code and rules of the Securities and Exchange Commission.

About the Author

Holmes F. Crouch has been an IRS-licensed tax practitioner and consultant for over 25 years. He lives in Saratoga, California.

Product Details

• Paperback: 224 pages
• Publisher: Allyear Tax Guides (September 2000)
• Language: English
• ISBN-10: 0944817602
• ISBN-13: 978-0944817605
• Product Dimensions: 8.9 x 6 x 0.6 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 4.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon.com Sales Rank: #601,234 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

27 of 29 people found the following review helpful:

5.0 out of 5 stars Good book on incorporating, November 30, 2003

By	Doug Davidson (USA) - See all my reviews

If you are interested in starting either a C or a S corporation, you'll love this book. I've bought some other books supposedly written by experts and was dissappointed.

Also recommended books include Inc. Yourself, The Small Business Legal Kit by J.W.Dicks and Incorporate for Dummies by The Company Corporation.

11 of 13 people found the following review helpful:

2.0 out of 5 stars Disappointed on S Corp Coverage, August 1, 2005

By	D. Knight - See all my reviews (REAL NAME)

I chose this book to get more information on running an S Corporation, and I've been utterly disappointed. The author spends more time telling you the number of words in the tax code then on the meat & potatoes of the information. The chapter on compensation was particularly void of any S Corp information. Overall, I think there are far better sources available.

4.0 out of 5 stars Valuable for people who don't know much about corporations, November 28, 2009

By	R. Moten - See all my reviews (REAL NAME)

Amazon Verified Purchase

This book provides basic information about C & S corps. It gives a thorough comparison between C & S corps for you to make a educated decision on whether to incorporate as a C or S corp. It also gives you basic info on how to set up an S corp. I used the information from this book to set up an S corp. Great book for the price for the do-it-yourself type person.