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Limited Liability Companies (LLCs) and S-Corps are business entities which are treated by the IRS as partnerships for tax purposes. They differ with respect to their corporate formalities, but both entities have their income taxed as “passing through” to their owners. What this means is that there is no C-Corp double taxation issue — where [...]

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The New York Times reported on 2-19-10 that virtually every state is making or planning significant cuts in Medicaid benefits. These actions are taking place while demand for Medicaid grows. This entitlement, originally conceived as a support for those in lower socioeconomic classes and disabled persons, now is a necessary lifeline for those formerly in [...]

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