Filing taxes for your LLC as an S Corp allows an owner-operator to designate him- or herself as an employee of the LLC yet to still report the income of the business on their personal tax return. S ...
Under the S-Corp classification, an owner-operator must be paid a “reasonable salary” through W-2 payroll and this salary is ...
As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer ...
LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.
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