2018 Tax Laws

 With the passage of the 2018 Tax Cuts and Jobs Act, there are many new questions involving the choice of entity for companies. Should they be a C-corp, S-Corp, Partnership? Please take some time and research the new rules and give three different situations (ie. company has 50k in profit, Owner is married, the owner is not married, Company made 500k in profit, etc.) and use the new tax codes to recommend which entity type makes the most sense. Act as if you are writing a short tax brief for the partner of the firm to review and give a recommendation to the client.