Alan Simpson Posted May 16, 2022 Posted May 16, 2022 Have two attorneys that each own 100% of their own s-corps. Those two attorneys each own 50% of an accounting firm of which they do not perform any legal work or share mutual client. Is this a ASG?
C. B. Zeller Posted May 16, 2022 Posted May 16, 2022 1 hour ago, Alan Simpson said: they do not perform any legal work Do they provide any services (not just legal work) to the accounting firm? Does the accounting firm provide any services to the attorneys? If yes, is the amount of services provided significant? Look at the service receipts/total receipts tests. Are the corporations professional service corporations? 1 hour ago, Alan Simpson said: or share mutual client Are the firms associated in any way in providing services to third parties? Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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