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CNBC spoke with Melville Office Managing Partner Carolyn Mazzenga, also national leader of the Family Wealth Services group, about the long-range tax implications of converting a pass-through entity to a C-corporation.

Featured: Carolyn Mazzenga, Office Managing Partner, Melville

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“Selling a C-corp can become very tax-expensive,” said Mazzenga at Marcum. This is because owners face a double tax once they sell the assets of the company: First, they pay the corporate rate of 21 percent, and then owners cough up a 20 percent tax for distributions they receive.

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Carolyn Mazzenga, Office Managing Partner, Tax & Business

Office Managing Partner
Tax & Business
Melville, NY
 
 
 
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