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Old 07-06-2008, 02:06 AM
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Smile C-Corp, What are the best ways to shift income to lower taxes?

If we chose a fiscal year of June 31 for a C Corp

what are the best ways to shift money to lower taxes between personal and Corp?

Also Can a C Corp pay the rental we live in because where we live is our full time work place? Is this a fringe Benefit


Taking a home office deduction to me seems worthless because the place we choose to run the corporation allows us to have ability to live there so we can work full time of 70 hrs per week? Or would I have the Corporation pay the full lease and then we pay the corporation a lease fee for living there?



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