How to Form Your Own "S" Corporation and Avoid Double Taxation

How to Form Your Own Author: Ted Nicholas
Publisher: Dearborn Trade
ISBN:
Category : Subchapter S corporations
Languages : en
Pages : 232

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Book Description
Completely updated, this reference offers step-by-step instructions and forms to save money and protect personal assets by forming an "S" corporation. It explains in detail how to apply for "S" corporation status for either a new or existing small business. Includes all the forms needed along with easy-to-use instructions and sample year-end tax documents for an "S" corporation.

How to Form Your Own "S" Corporation and Avoid Double Taxation

How to Form Your Own Author: Ted Nicholas
Publisher: Dearborn Trade
ISBN:
Category : Subchapter S corporations
Languages : en
Pages : 232

Get Book

Book Description
Completely updated, this reference offers step-by-step instructions and forms to save money and protect personal assets by forming an "S" corporation. It explains in detail how to apply for "S" corporation status for either a new or existing small business. Includes all the forms needed along with easy-to-use instructions and sample year-end tax documents for an "S" corporation.

Self-employment Tax

Self-employment Tax PDF Author:
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 12

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Book Description


S Corporations Guide

S Corporations Guide PDF Author: Edward C. Foth
Publisher:
ISBN:
Category : Small business
Languages : en
Pages :

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Starting a Business and Keeping Records

Starting a Business and Keeping Records PDF Author:
Publisher:
ISBN:
Category : New business enterprises
Languages : en
Pages : 28

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Book Description


Taxpayer's Comprehensive Guide to LLCs and S Corps

Taxpayer's Comprehensive Guide to LLCs and S Corps PDF Author: Jason Watson
Publisher: Watson CPA Group
ISBN: 0990763293
Category : Business & Economics
Languages : en
Pages : 136

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Book Description
How can I avoid self-employment taxes? This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of KnowledgeBase articles on the Watson CPA Group website. The articles touched on basic topics such as how to elect S Corp status, payroll, reasonable salary determination, retirement planning, health care, fringe benefits and liability protection. Those broad topics demanded much more information, both horizontally by spanning into more related issues, and vertically by digging deeper into the granular yet riveting levels of the tax code. The articles were grouped and relabeled as the Taxpayer’s Comprehensive Guide to LLCs and S Corps which grew to 39 pages in its first edition. Time marched on, and more information was added to the first edition such as expanded retirement planning concerns, health care options after the Affordable Care Act and business valuations including exit strategies. Boom, we now had our second edition at over 100 pages. At that point it was suggested by some clients and colleagues to convert the PDF into an eBook as well as paperback. So here we are.. Each week we receive several phone calls and emails from small business owners across the country who have read our Taxpayer’s Comprehensive Guide to LLCs and S Corps and praised the wealth of information. Regardless of your current situation, whether you are considering starting your own business or entertaining a contracting gig, or you are an experienced business owner, the contents of this book are for you. This book will show you how to reduce your self-employment taxes through an S Corporation election and how to use your corporation to your retirement and fringe benefit advantage. You will also learn the operational considerations of an S Corp plus the 185 reasons you should NOT elect S Corp status. Want to buy or sell a business? That’s in here too. This book is written with the general taxpayer in mind. Too many resources simply regurgitate complex tax code without explanation. While in some cases tax code and court opinions are duplicated verbatim because of the precise words, this book strives to explain many technical concepts in layperson terms with some added humor and opinions. We believe you will find this book educational as well as amusing.

Reasonable Compensation

Reasonable Compensation PDF Author: Anne E. Moran
Publisher:
ISBN: 9781558718449
Category : Corporations
Languages : en
Pages :

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Book Description
" ... analyzes the issues relating to the deduction by an employer for a "reasonable allowance" under [section] 162(a) for compensation paid with regard to personal services rendered. It discusses in depth the factors applied in determining reasonableness, the necessity for the actual performance of services, situations where a deduction for reasonable compensation is not allowable, and other aspects of reasonable compensation. Various tax planning and controversy considerations also are discussed"--Portfolio description (p. iii).

Practical Guide to S Corporations

Practical Guide to S Corporations PDF Author: Michael Schlesinger
Publisher: CCH
ISBN: 9780808017622
Category : Business & Economics
Languages : en
Pages : 676

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Book Description


The S Corporation Answer Book

The S Corporation Answer Book PDF Author: Sydney S. Traum
Publisher: Wolters Kluwer
ISBN: 0735581517
Category : Law
Languages : en
Pages : 824

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Book Description
This quick-reference manual lets you help clients take full advantage of their S corporation status and minimize their taxes. it leads you directly to authoritative information on every aspect of the S corporation, enabling you to: Arm the S corporation against the potential tax traps hidden in the Small Business Tax Protection Act. Maximize the tax benefits of S corporation status. Make a qualified Subchapter S Subsidiary (QSub) election. Identify dispositions that will trigger the built-in gains tax. Avoid added tax liability or loss of S corporation status from passive investment income. Capitalize on the permissible differences in stock rights to facilitate estate planning and ownership transfers. Determine allocation of income, losses, and deductions in the termination year of the S corporation . Plus, there are citations To The controlling rules, regulations, and court decisions that will save you hours of research.

Introduction to Business

Introduction to Business PDF Author: Lawrence J. Gitman
Publisher:
ISBN: 9781998109319
Category :
Languages : en
Pages : 0

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Book Description


How to Start Your Own (Subchapter) S Corporation

How to Start Your Own (Subchapter) S Corporation PDF Author: Robert A. Cooke
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
A financial expert provides savvy information on all types of corporate formations such as Subchapter S, limited liability, partnership and C corporations. Numerous examples, most in tabular form, make it easy for readers to follow explanations.