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	<title>BrewerLong &#187; S Corporations</title>
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	<description>A Relationship Driven Law Firm</description>
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		<title>Update Your W-4</title>
		<link>http://brewerlong.com/blog/2010/04/update-your-w-4/</link>
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		<pubDate>Tue, 13 Apr 2010 11:30:11 +0000</pubDate>
		<dc:creator>Trevor Brewer</dc:creator>
				<category><![CDATA[Income Taxes]]></category>
		<category><![CDATA[S Corporations]]></category>

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		<description><![CDATA[With the 2009 tax season coming to an end, it&#8217;s a good time to update your IRS Form W-4 on file with your employer (or yourself, if you are an S corporation owner).  Form W-4 tells your employer who much to withhold from your paychecks for income taxes.  For most of us who are paid [...]]]></description>
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		<title>10 Things About Choosing the Right Business Entity</title>
		<link>http://brewerlong.com/blog/2010/01/10-things-about-choosing-the-right-business-entity/</link>
		<comments>http://brewerlong.com/blog/2010/01/10-things-about-choosing-the-right-business-entity/#comments</comments>
		<pubDate>Tue, 19 Jan 2010 12:30:39 +0000</pubDate>
		<dc:creator>Trevor Brewer</dc:creator>
				<category><![CDATA[10 Things]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[S Corporations]]></category>

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		<description><![CDATA[1. Human Error.  Carrying on business without a business entity means that each of the owners is 100% personally responsible for all of the business’s liabilities.  This isn’t good.  A business entity (corporation, limited liability company (LLC), or limited liability partnership (LLP)) protects the owners from personal liabilities, except professional liabilities and personal wrongdoing. 2. Pass the [...]]]></description>
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		<title>A Break for (Some) S Corporations</title>
		<link>http://brewerlong.com/blog/2009/12/a-break-for-some-s-corporations/</link>
		<comments>http://brewerlong.com/blog/2009/12/a-break-for-some-s-corporations/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 15:43:07 +0000</pubDate>
		<dc:creator>Trevor Brewer</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[S Corporations]]></category>

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		<description><![CDATA[Corporations that elected S corporation status during the years 2000 through 2003 got a small break in the American Recovery and Reinvestment Act enacted this year.  For these S corporations, the built-in gain recognition period was shortened from 10 years to 7 years.  This means that now may be a good time to sell built-in [...]]]></description>
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		<title>Deduction for Charitable Contributions by S Corporation</title>
		<link>http://brewerlong.com/blog/2009/10/deduction-for-charitable-contributions-by-s-corporation/</link>
		<comments>http://brewerlong.com/blog/2009/10/deduction-for-charitable-contributions-by-s-corporation/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 13:44:00 +0000</pubDate>
		<dc:creator>Trevor Brewer</dc:creator>
				<category><![CDATA[Charitable Giving]]></category>
		<category><![CDATA[S Corporations]]></category>

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		<description><![CDATA[When a charitable contribution is made by an S corporation, the right to claim the charitable deduction passes through to the S corporation shareholders.  This is significant because charitable deductions claimed by a corporation (that is, a C corporation) is limited to 10% of their annual net income (with carryover for up to 5 years).  [...]]]></description>
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