✅ S Corporation Taxes Explained in 4 Minutes

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Information ✅ S Corporation Taxes Explained in 4 Minutes

Title	:	✅ S Corporation Taxes Explained in 4 Minutes
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Other S-Corp related videos you may want to watch next:br- How To Convert an LLC Into an S Corporation: youtube/vwt5cK3lPb0br- S Corporation: Save Money on Self Employment Taxes: youtube/p_J7k17mh7M
Comment from : @lenapetrova

My main concern about an LLC filing as an S Corp is it everything that you want to write off has to be under the S Corp that means you have to transfer your car title insurance cell phone phones everything that has to do with the business under the llc which makes everything more expensive so I’m really not sure how that saves money
Comment from : @decoconstruction

One question, please! Is NVIDIA a safe buy to outperform the market this year? I'm tired of these new buys every week, just to make up some assets with a low percentage on my $236k portfolio and try to keep everything around 10
Comment from : @JuneTalley

4 MinsYou waste the 1st 30 secs on nothingget right to it girl
Comment from : @Mindsaw

Great presentation, thanks for explaining everything so well
Comment from : @mberrynunez

So what it’s better to do ? An LLC or S Corp?
Comment from : @laura53ize

But a single member s corp gets double taxed right ?
Comment from : @FLORIDIANMILLIONAIRE

It is a great video thanks for the great information and well delivered This is exactly what I was looking for
Comment from : @lunamorris2091

You are NOT a victim
Comment from : @Elijah-Rios11

Very good information I would love to see more videos on this subject
Comment from : @Alois-4444

I live in Arizona; however, my S corporation is based in Minnesota Can I get a credit from the Minnesota state tax income from the S corporation towards my Arizona State Income tax?
Comment from : @darnellallen3819

How are taxes paid on the premiums for business owned life insurance on a key employee within an S Corporation?
Comment from : @WWIIPacificHistory

Well done I assume 1099-NECs are not individually recorded That income appears to be included in Gross Sales Your thoughts? Thank you in advance
Comment from : @dalegill3939

Good stuff
Comment from : @felixlatorre235

Thank you
Comment from : @Everythingforthehome

Great hair
Comment from : @harryegden3696

If i am a SMLLC w/ S-corp tax election, do I follow the requirements for an LLC or an S-corp (eg meeting minutes, etc)?
Comment from : @dross0123

Hi, I’m an S-Corp but this past year (2023) I worked as an individual for a client of on multiple projects I also would occasionally hire workers for a short period of time and pay them from my pocket Should I get my 1099 from my client using my EIN or SSN? And should I give out 1099s using my EIN or SSN to the workers i paid?
Comment from : @AnonymousPerspective33

as a S corp owner and employee of my s corp do I give myself a W2 and withhold federal income tax social security and medicare?
Comment from : @denvercolorado811

You are really talented Appreciate the information
Comment from : @danielli9167

Thank you so much for this video Super helpful and well-presented Your time and effort is most appreciated!
Comment from : @ShahzainAli-tl8sk

Can I have a C Corp own an S Corp to prevent pass-through taxes?
Comment from : @someguytu

Thanks
Comment from : @sarahmk2966

If my new S Corp is just me, and all my income is coming from one 1099, does that 1099 go with the 1120S to the IRS? and will the K-1 replace a W-2 or 1099 to me as the employee when I file my personal taxes?
Comment from : @danielallmon2173

You made it easy to understand!
Comment from : @HeavenlyRealmsPublishingInc

I'm a new bookkeeper, i have a client that is a s corp and I need to do his payroll so I set him up just like a normal employee??? it's just him and one real employee he will start having he is the only owner of the s corp
Comment from : @reaganhernandez5861

Can i elect to have Google issue a 1099 to my S corp as opposed to me as an individual creator for YT AdSense? I intend to form a single member S Corp
Comment from : @intelimoteintelimote7448

Didn’t this change in 2023? Isn’t there a minimum tax liability for all corporations now?
Comment from : @Crittek

Hi Lena I do have more questions about Tax return and CPA in general I have a company that supposed to help me but I feel like they make me to do all the work and I never can get to talk to them if I have any questions do you think you can help me?
Comment from : @elenachiselita4099

I want to know how to open an S Corporate account because I work as a full-time limousine driver and the car is not mine What are the steps that must be taken after opening the company, and how do I do this work myself without going to an accountant?
Comment from : @jamalkojak5970

Thank you! Appreciate the clarity
Comment from : @hilarykey8189

Great information Thank you for sharing
Comment from : @margaretjudice8944

SUCCESSprinccessteamo
Comment from : @sandorvarga6982

Hello Lena, if you do not take a salary from your s Corp How much do you have to claim on your 1040?
Comment from : @peterpeter8086

Amazing breakdown Thank you for sharing this information!
Comment from : @eataxpros-llc

Always wanted to know how these worked
Comment from : @foxslayer321

What a great video 👌 againbrYou never fail to make things crystal clear To the point as alwaysbrbrCan you please make a series on refundable and non refundable tax credits like child care etc?
Comment from : @manavhir9161