Tagged Questions
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S corp distribution income tax rate
I am the sole owner of an S corp and I am the only employee. If I make $100,000/year and I pay myself $50,000 as a salary and the other $50,000 as distribution. How much income tax do I have to pay on ...
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Reasons not to start as an S corporation for a small professional services firm
My understanding is that an S corporation is the easiest for a new firm, and can always be changed to a C corporation later. What are the reasons not to do it this way?
The firm under consideration ...
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Defer Taxes on Profits in an S-Corporation
Are there any ways to defer taxation on S-Corp profits in a year?
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Maintaining S corp in california
I recently registered a S corp in CA. At this time I do not have any transaction. Income is 0, hoever I have made some expenses with my Biz account for small items like computer, desk etc.
From what ...
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Does The IRS Think Full-Time S-Corp Shareholders Are Also Employees?
After asking about the taxation of fringe benefits for shareholders in an S Corp, it occurred to me that there could be two types of shareholders. Those who are silently collecting whatever profits ...
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Taxation of fringe benefits for shareholders in an S Corp?
In this publication, the IRS lists a number of fringe benefits that you can provide employees and details when/why they would be considered taxable vs. non-taxable. However, at the start of the ...
