Quote:
Originally Posted by fatlazyless
Here's part of one paragraph from the Sunday Jan 10 www.concordmonitor.com editorial. It's definately worth reading the whole editorial even if you have dislike & distrust for the Concord Monitor!
"....very few of the state's thousands of LLC's will pay the tax since they do not distribute dividends, nor will the change put New Hampshire LLC's at a disadvantage. The extension of the tax to LLC's like law firms, accounting firms, dental practices and the like merely makes the tax more fair by putting LLC's on an equal footing with other businesses." (quote by some NH attorney)
Now, go read the whole January 10 www.concordmonitor.com editorial......and you'll be a more informed person for it......   ! |
Here's the link to the article referenced in the Concord Monitor, which was written by Attorney Richard Samuels of The McLane Law firm. The biggest issue, in my opinion, is with the State deciding what is
"reasonable" compensation. It's that amount, over and above the State's determination of reasonable compensation, which will be taxed as interest and dividends.
BIG PROBLEM.
http://www.mclane.com/newsroom/artic...idends-Tax.php