My Account
Sign up, and you'll be able to ignore users whose posts you don't want to see.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Oct 22, 2024
12:44
:13
pm
Hawk Talons
Truly Addicted User
That's why I'm asking. I write off a lot as a 1099 worker, but I've never had a
corp. I know with S-Corps I pass it through to me and report on my individual return, but I just want to make sure I'm holding back enough.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Hawk Talons
Previous username
Zach
Bio page
Hawk Talons
Joined
Oct 2, 2001
Last login
Oct 22, 2024
Total posts
21,276 (299 FO)
Report problem with this ad
Messages
Author
Time
How much do S-Corps truly pay in tax? Should I set aside 30% of revenues?
Hawk Talons
12:32pm
30% of revenue?? Dang, what are your margins.
WDaddy
12:36pm
Let's hope it's 30% of rev (and that he needs new investors)
HarlemCoug
12:38pm
That's why I'm asking. I write off a lot as a 1099 worker, but I've never had a
Hawk Talons
12:44pm
You’re supposed to be somewhat less likely to get your write offs audited with an S Corp as well. Fwiw
JollyGreenGiant
12:45pm
I think you used the term "revenue" but meant to say something like net income. A simple mistake and we get that you
HarlemCoug
12:52pm
An S-Corp pays no taxes as a pass-through entity. Owners will be issued a K-1
JAGA97
12:36pm
<< Deleted >>
Acorn
12:37pm
None. Normally. S corps are pass-thru entities. So it’s whatever your marginal
mkg
12:37pm
Also keep in mind that you usually need to make quarterly estimated tax payments during the year
BYUnerd
12:39pm
Your marginal tax rate but the S Corp ought to help with FICA
JollyGreenGiant
12:42pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad