Manning & Associates LLC

Description

In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation’s capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can also take special deductions. For federal income tax purposes, a C corporation is recognized as a separate taxpaying entity. A corporation conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders.

Manning & Associates, LLC is located in Tacoma, WA providing tax preparation and services to both individuals andsmall business in the Puget Sound area.

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