What is a self-assessing tax?

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  • #182309
    Anonymous
    Inactive

    I know that a personal holding company has a self-assessing tax, and that’s as much as I know about it. I did search on Google (couldn’t find it in my friggin book), and that was not very successful, I would say.

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  • #485624
    impska
    Member

    It means you inform the IRS that you're a PHC and then calculate, report and pay the tax. You avoid the tax by paying dividends – so it's basically your choice whether to pay it.

    REG - 94
    BEC - 92
    FAR - 92
    AUD - 99

    #485655
    impska
    Member

    It means you inform the IRS that you're a PHC and then calculate, report and pay the tax. You avoid the tax by paying dividends – so it's basically your choice whether to pay it.

    REG - 94
    BEC - 92
    FAR - 92
    AUD - 99

Viewing 2 replies - 1 through 2 (of 2 total)
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