And because the corporation continues to exist even after the death of a shareholder, it offers tremendous estate planning advantages. Corporations are entitled by law to many tax deductions that are not available to individuals. Many of the tax benefits that accrue to a corporation can end up greatly benefiting corporate owners.
Corporations have a lower federal tax rate at all levels of income compared with individuals.
The law states that it's the responsibility of each individual to structure their business affairs in such a manner as to minimize the amount of tax payable. While tax evasion is a serious crime, legal tax avoidance saving thousands of dollars in taxes, is the duty of the tax payer. There are many proven and effective tax-reduction strategies that can be easily employed through a corporation. Directors Fees Dues to Professional Org. 9477 National Audit Defense Network 4330 South Valley View, Ste.