✅ S Corporation Taxes Explained in 4 Minutes

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[lenapetrova]

Other S-Corp related videos you may want to watch next:

[eataxpros-llc]

Amazing breakdown. Thank you for sharing this information!

[lunamorris]

It is a great video thanks for the great information and well delivered. This is exactly what I was looking for.

[Alois-]

Very good information. I would love to see more videos on this subject.

[manavhir]

What a great video 👌 again.
You never fail to make things crystal clear. To the point as always.

Can you please make a series on refundable and non refundable tax credits like child care etc.?

[margaretjudice]

Great information. Thank you for sharing.

[danielli]

You are really talented. Appreciate the information.

[dross]

If i am a SMLLC w/ S-corp tax election, do I follow the requirements for an LLC or an S-corp (e.g meeting minutes, etc.)?

[elenachiselita]

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?

[bermetdjakubova]

What online software would you recommend to file Scorp+personal tax returns? Thanks

[JC-slammedaf]

Hello, how does a non employee shareholder pay himself distributions? Can it be a simple bank transfer as a distribution? I heard it would be on the k1 as passive income? That means a non employee shareholder can just take out their distribution percentage without having to pay themselves a reasonable salary first? Thanks i cant find any info on non employee shareholder distributions

[dalegill]

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.

[intelimoteintelimote]

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.

[tonymedranoable]

It's amazing how even as a s corp you still have to pay taxes, which is in the share holders distribution that gets added to their personal taxes, so at the end it's no different from sole ownership then corps

[WWIIPacificHistory]

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

[darnellallen]

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?

[jamalkojak]

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?

[AnonymousPerspective]

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?

[lauraize]

So what it’s better to do ? An LLC or S Corp?

[reaganhernandez]

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