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Old 01-18-2007, 10:47 AM
TaxGuru TaxGuru is offline
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Join Date: Jan 2007
Location: New Jersey, USA
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Dear bookkeeping,

An anticipated profit in a C corporation can be avoided by simply advising the client to take a bonus check, paying of vendors before year end, adn using the normal strategy of accelerating expenses and decelerating income.

Just ask your client to increase his salary, and also consider a SEP plan as well. Clearly, the business is doing well, and an increase in salary is a reasonable proposition to the client.
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