The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Solos: no brainer to file as an s-corp for tax purposes if you make above 100k?
| frum grizzly school cafeteria fat ankles | 07/10/20 |
| frum grizzly school cafeteria fat ankles | 07/10/20 |
| curious maize useless brakes | 07/10/20 |
| startling menage | 07/10/20 |
| frum grizzly school cafeteria fat ankles | 07/10/20 |
| Emerald duck-like dog poop | 07/10/20 |
| startling menage | 07/10/20 |
| frum grizzly school cafeteria fat ankles | 07/10/20 |
| curious maize useless brakes | 07/10/20 |
| Zippy Station | 07/10/20 |
| aromatic site puppy | 07/10/20 |
Poast new message in this thread
Date: July 10th, 2020 4:21 AM Author: frum grizzly school cafeteria fat ankles Ie above what you could pay yourself as a reasonable salary? (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40578582) |
Date: July 10th, 2020 3:12 PM Author: frum grizzly school cafeteria fat ankles (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581412) |
|
Date: July 10th, 2020 3:19 PM Author: curious maize useless brakes Pretty much. (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581466) |
|
Date: July 10th, 2020 3:32 PM Author: startling menage 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) |
 |
Date: July 10th, 2020 4:15 PM Author: frum grizzly school cafeteria fat ankles 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) |
|
Date: July 10th, 2020 4:15 PM Author: Emerald duck-like dog poop cr (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40581961) |
|
Date: July 10th, 2020 4:25 PM Author: startling menage 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) |
|
Date: July 10th, 2020 4:26 PM Author: frum grizzly school cafeteria fat ankles Lol caught doing what? My understanding is this is perfectly legal. (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582058) |
|
Date: July 10th, 2020 4:41 PM Author: curious maize useless brakes Getting caught paying yourself a reasonable salary? (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582156) |
|
Date: July 10th, 2020 3:34 PM Author: Zippy Station @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) |
|
Date: July 10th, 2020 4:22 PM Author: aromatic site puppy Sole prop and let do. (http://www.autoadmit.com/thread.php?thread_id=4580622&forum_id=2#40582022) |