Although tax planning is an area of supreme importance for business owners, it is also an area of confusion. A recent article explores some questions that financial advisors and estate planning attorneys are commonly asked by their clients. One common question is, “How long is the new estate tax going to last?” Many business owners are skeptical that the newly implemented estate tax will not be as permanent as it has been touted to be. According to Terry Stanaland, national speaker and author on tax planning, people can expect the new estate tax to be around for the foreseeable future. As the estate tax has been a hot-button issue, Stanaland believes that the recent compromise may stick around for a while. Clients are also commonly inquiring into the benefits of creating a C corporation. According to Stanaland, this structure may again become popular because the top marginal bracket for C corporations is now lower than that for individuals. Therefore, use of the C corporation form may lead to lower taxes. Moreover, a C corporation is extremely flexible, making tax avoidance even more possible. Indeed, more and more business owners are again considering formation as a C corporation. If you would like expert assistance with tax planning for your business, or for any other estate planning questions, call us at 818.956.9200.