I love the fact that you reference court cases because it gives me a point to better understand and actually review how the IRS view and process the case
@LadyDayK872 жыл бұрын
I really appreciate your time stamps. I don't skip through listening but it helps for writing down the important parts I want to remember.
@REVIVALFitness2 жыл бұрын
This channel is so good, thank you all
@Lady-Carmakazi16 күн бұрын
Very informative, great info. Thank you so much
@mohamudmohamed90492 күн бұрын
Great content. Thank you.
@crimecast722 жыл бұрын
Definitely interested in hearing more about IRS court cases! Maybe a series? Find ones that set important precedence for today’s tax implications that are most relevant to budding entrepreneurs
@caesar54232 жыл бұрын
The court cases are very helpful
@teresaurquiagatayag25292 жыл бұрын
Court cases= super helpful thank you !
@littledaemon0012 жыл бұрын
Yes please! (On referencing more IRS court cases). I find it fascinating when you inject precedence like that.
@davidval7188 Жыл бұрын
I wish your channel was around 30 years ago. The information is presented In a very understandable way..
@Trulyb_ Жыл бұрын
I'm a fan of the court cases. This video was very informative thank you!!!
@nicholasolivas317 Жыл бұрын
1. In the state of Colorado you can set up an S-Corp as a legal entity. 2. If the S-Corp is not an entity but just a tax election on a tax form as you just said in the beginning of the video. Then why do you need a board of directors? 3. You need to wear a different shirt. Your white shirt is making you blend in with your background.
@tylerheldreth4565 Жыл бұрын
I def love the court cases, makes it more real-world for me and easier to grasp.
@OvidianHEX_ Жыл бұрын
Man thanks bro for this video. Looks like my Tax preparers where pushing me to get an S Corp just to increase my bill. This sucks :/ might get a new tax pro lets see.
@berkleybrannon85782 жыл бұрын
In the $200,000 of S-Corp income with 100,000 being reasonable salary and the other 100,000 being distributions, the savings from the Corp are less than $15,300 because if you had 200,000 of self employment income the social security taxes would max out at $147,000 in 2022. You would still take the Medicare taxes of 2.9% as savings. Great video!
@susanjohnson3468 Жыл бұрын
Your videos are excellent. I really appreciate the content. You also do a great job visually! Just curious if you are using a program to do these videos or do you hire someone? If you hire someone, I might be interested in hiring them... If you make them - awesome job!
@horacejohnson8925 Жыл бұрын
I appreciate the court cases you use. Very helpful 👌
@thedreamnowchannel6976 Жыл бұрын
@Sean I am loving this info.. I want to know more
@rickwilliamsvideo Жыл бұрын
I hit the like button 👍🏼
@goku9157 Жыл бұрын
Thank you for the clarification
@julianerbil2 жыл бұрын
holy cow this is so helpful! thank you
@Lucia-Sosa2 жыл бұрын
Youre honestly the best. Thank you
@zainabimtiaz676 Жыл бұрын
well done bro !!!!!
@jclefbouncyrock2 жыл бұрын
Great video - thanks for the info!
@uriahgreer2 жыл бұрын
Bruh, this whole video was so dang helpful. Now I know going s-corp is premature for us
@priscillastrickland73042 жыл бұрын
Great information. Thank you
@alexlefkowitz2 жыл бұрын
Can you expand on 15:00 "scorps have a slighter edge on raising capital than an LLC"? What do you mean by that? Also, I'd like to start an scorp, but I may want to raise VC money someday so should I start as LLC > scorp or ccorp > scorp? Thanks!
@Simonsays7258 Жыл бұрын
One major advantage of an S corporation is that it provides owners limited liability protection, regardless of its tax status. Limited liability protection means that the owners' personal assets are shielded from the claims of business creditors-whether the claims arise from contracts or litigation.
@dbest47552 жыл бұрын
Great Info Thanks
@FinancialFreedomMadeSimple2 жыл бұрын
Court cases are very helpful.
@melbee4848 Жыл бұрын
I LOVE COURT CASE REFERENCE!!!!
@LYFEAccounting Жыл бұрын
You probably would love this video then : kzfaq.info/get/bejne/oLKkddVexrG1Xas.html
@trucker_gainez2 жыл бұрын
Please keep reviewing court cases
@blec.g75222 жыл бұрын
Do you have a course that walk through step by step filing business tax return ?
@creed7467Ай бұрын
I know my comment is 2 years to late but yes PLEASE reference tax court cases
@fearmybrand Жыл бұрын
What if its a side hustle and you aren't profiting yet? What if there isn't an income yet to pay yourself with?
@amandacarter4972 жыл бұрын
Yes to court cases
@autoart51262 жыл бұрын
If the business is new and the company is only making $10,000 profit for the year, with 2 owner operators, what is considered a reasonable salary?
@jasonkash2 жыл бұрын
Where are you basing your pricing on for your tax services??
@Simonsays7258 Жыл бұрын
Doesn't an S-Corp provide Limited Liability Protection anyway?
@Simonsays7258 Жыл бұрын
Of course you could have a C corp and elect not to take distributions and instead collateralize your stake and get loans which are not Taxed.
@lHurtYourFeeIings2 жыл бұрын
I wouldn't say those are disadvantages. Those were literally advantages. Sure you have to pay a reasonable salary which is just a % of corp profit, as compared to paying self-employment tax on the whole thing?
@julianerbil2 жыл бұрын
in an s corp , can you just pay yourself salary and not give out distributions?