Lower Your Taxes - BIG TIME! 2023-2024: Small Business Wealth Building and Tax Reduction Secrets from an IRS Insider, 9th Edition

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How to Get Assets and Money into a Corporation Tax-Free

Forming a corporation is similar to getting married. It is easy to get into but much harder to get out of.

—Sandy Botkin

Chapter Overview

•   You’ll learn about the requirements for transferring property tax-free to a corporation.

•   You’ll be aware of the congressional “gotchas” and how to avoid them.

•   You’ll understand why you should rarely own real estate in a corporate name, especially in a regular corporation.

•   You’ll understand the IRS filing requirements that will keep your transfers tax-free.

Many times people want to start their corporate business by transferring personal assets to their corporation. Let’s face it—it’s certainly a lot cheaper and easier to use assets ...