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Old 12-07-2010, 10:26 PM
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Join Date: Dec 2010
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Profts on C Corp

My C corp has made profit for past 3 years. Now I have moved back to Job. Should I convert this to S corp.

What happens to the profit of about of 50 K which i made. Will I Have to pay Dividend Tax on it or do I have other options and contue this as a C corp and write off expenses for next 3 years and close the corp



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