\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Solos: no brainer to file as an s-corp for tax purposes if you make above 100k?

Ie above what you could pay yourself as a reasonable salary?...
pearl dashing goal in life factory reset button
  07/10/20
...
pearl dashing goal in life factory reset button
  07/10/20
Pretty much.
comical sickened party of the first part reading party
  07/10/20
What are you trying to do here? Split the brackets? Avoid pa...
Heady medicated bbw chapel
  07/10/20
A one member LLC without employees can elect to file as an s...
pearl dashing goal in life factory reset button
  07/10/20
cr
aromatic carnelian water buffalo
  07/10/20
Cost of extra return plus discounted cost of getting caught ...
Heady medicated bbw chapel
  07/10/20
Lol caught doing what? My understanding is this is perfectly...
pearl dashing goal in life factory reset button
  07/10/20
Getting caught paying yourself a reasonable salary?
comical sickened party of the first part reading party
  07/10/20
@realdonaldtrump: Some jurisdictions don't respect the S-cor...
Honey-headed Fantasy-prone Pistol
  07/10/20
Sole prop and let do.
stirring range tattoo
  07/10/20


Poast new message in this thread



Reply Favorite

Date: July 10th, 2020 4:21 AM
Author: pearl dashing goal in life factory reset button

Ie above what you could pay yourself as a reasonable salary?

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40578582)



Reply Favorite

Date: July 10th, 2020 3:12 PM
Author: pearl dashing goal in life factory reset button



(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581412)



Reply Favorite

Date: July 10th, 2020 3:19 PM
Author: comical sickened party of the first part reading party

Pretty much.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581466)



Reply Favorite

Date: July 10th, 2020 3:32 PM
Author: Heady medicated bbw chapel

What are you trying to do here? Split the brackets? Avoid payroll tax? If you're truly a solo this is largely bullshit, you're not performing any management activities. Though you'll probably never be called on it.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581559)



Reply Favorite

Date: July 10th, 2020 4:15 PM
Author: pearl dashing goal in life factory reset button

A one member LLC without employees can elect to file as an s corp with the member paying himself a salary as the only employee. My understanding is doing that exposes the member to payroll taxes only on that amount paid in salary instead of the gross income generated by the LLC that tax year. If youre making well above whatever a reasonable salary would be, that would seem to save you quite a bit in payroll taxes.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581955)



Reply Favorite

Date: July 10th, 2020 4:15 PM
Author: aromatic carnelian water buffalo

cr

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581961)



Reply Favorite

Date: July 10th, 2020 4:25 PM
Author: Heady medicated bbw chapel

Cost of extra return plus discounted cost of getting caught and paying penalties plus cost of future lost social security payments makes this a borderline bet imo. But good luck.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582050)



Reply Favorite

Date: July 10th, 2020 4:26 PM
Author: pearl dashing goal in life factory reset button

Lol caught doing what? My understanding is this is perfectly legal.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582058)



Reply Favorite

Date: July 10th, 2020 4:41 PM
Author: comical sickened party of the first part reading party

Getting caught paying yourself a reasonable salary?

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582156)



Reply Favorite

Date: July 10th, 2020 3:34 PM
Author: Honey-headed Fantasy-prone Pistol

@realdonaldtrump: Some jurisdictions don't respect the S-corp election. BE CAREFUL!

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581583)



Reply Favorite

Date: July 10th, 2020 4:22 PM
Author: stirring range tattoo

Sole prop and let do.

(http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582022)