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Rating: ![2 stars](http://www.reviewfocus.com/images/stars-2-0.gif) Summary: Confusing, not enough detail Review: HOW TO START YOUR OWN (SUBCHAPTER)S CORPORATION initially deceives the reader into thinking it will be easy to understand, because of the author's folksy style and use of plain language. However, the information in the book is not organized helpfully, nor is it complete. For example, there is one mention of Social Security Tax in the index; upon looking at the correct page for this mention, I found an only an irreverent reference to the possibility that FICA taxes may not be returned to taxpayers in Social Security payments. In the "Summary and Examples" section of Chapter 3, the author states, "...again, the IRS and the Social Security Administration won't like that procedure..." (i.e., taking all S corporation profits as dividend distributions) but I was unable to find where the author had discussed this at all (why say, "again,"?)Furthermore, an updated edition would be welcome inasmuch as there have been several changes to S Corporation regulations, the most notable being in 1996 when the limit on number of stockholders was changed from 35 to 75, a substantial increase indeed.
Rating: ![5 stars](http://www.reviewfocus.com/images/stars-5-0.gif) Summary: Excellent information and advice. Review: I own and operate my own S-Corporation, and I found this book to be chockful of invaluable information and advice for setting it up and running it. I strongly recommend the book.
Rating: ![1 stars](http://www.reviewfocus.com/images/stars-1-0.gif) Summary: Very Disappointed Review: I was very disappointed with this book. Its cover gives the impression, with bullets, that you will be able to learn several things from the author. For example 1) Using an S Corp for a personal tax shelter. 2) Completely avoid paying any income tax. I bought this book thinking that I would be taken through a step by step process on how to accomplish at least those items highlighted on the books cover. But instead, I was taken through a lot of general information without really being tought how to "do" anything. I believe that the author is knowledgeable, however this book was sold as a "how to" book. It feel way short of that mark.
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