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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?...
Diverse Carmine Jewess
  07/10/20
...
Diverse Carmine Jewess
  07/10/20
Pretty much.
filthy house
  07/10/20
What are you trying to do here? Split the brackets? Avoid pa...
Offensive degenerate
  07/10/20
A one member LLC without employees can elect to file as an s...
Diverse Carmine Jewess
  07/10/20
cr
Very tactful karate stag film
  07/10/20
Cost of extra return plus discounted cost of getting caught ...
Offensive degenerate
  07/10/20
Lol caught doing what? My understanding is this is perfectly...
Diverse Carmine Jewess
  07/10/20
Getting caught paying yourself a reasonable salary?
filthy house
  07/10/20
@realdonaldtrump: Some jurisdictions don't respect the S-cor...
Vibrant Keepsake Machete
  07/10/20
Sole prop and let do.
nofapping church organic girlfriend
  07/10/20


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Date: July 10th, 2020 4:21 AM
Author: Diverse Carmine Jewess

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

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



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Date: July 10th, 2020 3:12 PM
Author: Diverse Carmine Jewess



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



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Date: July 10th, 2020 3:19 PM
Author: filthy house

Pretty much.

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



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Date: July 10th, 2020 3:32 PM
Author: Offensive degenerate

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)



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Date: July 10th, 2020 4:15 PM
Author: Diverse Carmine Jewess

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)



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Date: July 10th, 2020 4:15 PM
Author: Very tactful karate stag film

cr

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



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Date: July 10th, 2020 4:25 PM
Author: Offensive degenerate

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)



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Date: July 10th, 2020 4:26 PM
Author: Diverse Carmine Jewess

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

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



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Date: July 10th, 2020 4:41 PM
Author: filthy house

Getting caught paying yourself a reasonable salary?

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



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Date: July 10th, 2020 3:34 PM
Author: Vibrant Keepsake Machete

@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)



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Date: July 10th, 2020 4:22 PM
Author: nofapping church organic girlfriend

Sole prop and let do.

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