David Hackney
Limited Liability Corporation or S CORP
Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...
Chris M.
Changing from LLC to S Corp - How does it affect taxable year?
Hey guys, so we are changing our LLC to an S Corporation for our business entity type this year. We were likely going to do this in February of this year, 2018. My questions:1. Does changing from an LLC to S Corp affe...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...
Serge S.
Paycheck Protection Program (PPP) using PM
Multifamily owners using a PM how do you interpret your eligibility if your PM pays payroll? I have been advised that if your holding co LLC EIN is NOT the one making the payroll then it does not count towards the loa...
Harry McNamara
How many Real Estate Agents are filing as S-Corp?
My wife and I are a team of agents, and with the new year beginning, I'm looking into creating an S-Corp for our finances. I'm aware of the pass-through structure and how it might work, but I'm curious: How many of yo...
William Howley
LLC wrapped in S-corp, which Tax form do I use?
Hi, long story short I setup my small real estate co in an LLC with the elected S-corp. Which Tax form do I submit to IRS? If you know the answer please provide the link. Anything special I should know when filing?
David Gwilt
Single Owner S-Corp - Employment Tax Questions
My wife just recently formed a corporation in CA and elected S-Corp status with the IRS (via form 2553). I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to fin...
Chance Stein
Quickbooks Payroll, is it worth it?
My Dad and I run a small commercial construction company and are looking to hire. We need a payroll service and already use quickbooks. Is it worth the extra $30/$80 for their payroll service? We are looking to hire 2...
Kumar Gaurav
Living in NJ remote work in CA pay tax in both states?
Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. Do I owe taxes in both states even though I did not live in CA?Thanks
Vlad Kuzin
LLC and Payroll Questions
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...