Question: Taylor seeks your advice on choosing an entity for her new business and would like to review the potential tax advantages of organizing as a

Taylor seeks your advice on choosing an entity for her new business and would like to review the potential tax advantages of organizing as a C corporation. You explain to her that organizing as a C corporation could reduce overall tax rates by:
splitting income between the entity and its owners.
adopting a fiscal tax year.
having multiple classes of equity.
using a consolidated return.

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