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Oct 22, 2024
12:36:39pm
JAGA97 Truly Addicted User
An S-Corp pays no taxes as a pass-through entity. Owners will be issued a K-1
and pay taxes on the income as investment income. Make sure you set the owners up on payroll and pay them a reasonable salary. Your portion of tax on that income from the K-1 will be whatever your income tax rate is. The S Corp income will not have FICA taxes.

Thanks Acorn
This message has been modified
Originally posted on Oct 22, 2024 at 12:36:39pm
Message modified by JAGA97 on Oct 22, 2024 at 12:37:04pm
Message modified by JAGA97 on Oct 22, 2024 at 12:38:30pm
Message modified by JAGA97 on Oct 22, 2024 at 12:42:06pm
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JAGA97
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JAGA97
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