Series 22: 1.2.1. Quasi-Pass-Through Entities

1.2.1.  Quasi-Pass-Through Entities

The double taxation of corporate income has been the subject of controversy over the years among those who believe it distorts investor choices away from corporate investments and encourages corporations to rely more heavily on debt for raising money (interest payments are tax deductible). Fearful that many companies would dis-incorporate to avoid double taxation, Congress passed a set of rules