- published: 06 Nov 2010
- views: 138532
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Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure.
If you have any questions, concerns, or topics you want addressed, please join us on Facebook at http://www.Facebook.com/pages/John-Michael-Miller-CPA-Inc/110267992394431 or on Twitter at http://www.Twitter.com/TaxMoneyAdvice
Visit our website at http://www.IncomeTaxPreparation.com
Visit our blog at http://www.AmericanAccountingServices.com
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary, withholding the proper FICA tax, and taking the proper distributions from the business are some of the most important steps to take.
Fan and Follow Henssler Group -- Download the Henssler App
Facebook: http://on.fb.me/14IxKoA
Twitter: http://bit.ly/13rGJbI
LinkedIn: http://linkd.in/17n8uTI
YouTube: http://bit.ly/ehBglQ
iPhone App: http://bit.ly/13yiG9y
Google Play: http://bit.ly/1cyGALf
- published: 14 Jan 2014
- views: 22750
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation?
Business owners may have heard the term "S Corporation" or may even be an S Corporation, but do not really understand what it means and how it affects their business. A corporation or an LLC can elect to be treated as an S Corporation for federal tax purposes, and doing so can potentially save the business and its owners significant amounts of money in federal taxes.
If a corporation does not elect to be treated as an S Corporation, it will default to be taxed as a C Corporation. C Corporations experience "double taxation" and the income to the corporation is taxed twice. Electing to be treated as an S Corporation, however, causes the income and losses to the corporation to be passed to the shareholders and taxed only once. Similarly, an owners of an LLC typically have to pay self employment taxes in addition to their other income taxes. Electing to be an LLC treated as an S Corporation, however, allows the owners to take a reasonable wage from the LLC as if they were employees and avoid tat self employment tax , and the additional income from the LLC will be taxed as dividends (which is much lower than the highest income tax bracket), thus avoiding the self employment tax all together.
To learn more about the different types of business entities, watch Episode 1 of All Up in Yo' Business: Choosing a Business Entity: https://www.youtube.com/watch?v=lV2ihjRVzMg
If you have questions, please feel free to comment below. If you would like to speak with me personally, please email me at AidenKramerLaw@gmail.com or call (720) 854-8143.
- published: 14 Dec 2013
- views: 20822
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you!
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
- published: 23 Oct 2015
- views: 1637
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, separately stated item, non-separately stated items, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination
- published: 23 Oct 2015
- views: 1415
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business
- published: 11 Apr 2012
- views: 7073
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw
LLC or S Corp? https://youtu.be/MoMo28wx5T0
I’ve posted videos in the past discussing S Corps and the benefits of forming an S Corp, but this question still comes up: how do I form an S Corp? Once you have formed your business and decide that you want your business to be taxed as an S Corp, how do you actually do that?
If you have created an LLC for your business and you want it to be taxed as an S Corp, you will file IRS Form 2553. The form asks for some basic information about the business and it's owners, and is generally pretty straight-forward.
The important thing to remember if you want to form an S Corp is that there is a deadline for submitting Form 2553 to the IRS. If you just formed your business, you have two months and 15 days from the date of formation to form the S Corp for the current year. If you are already passed that window, then you have 2 and a half months from the beginning of the next year to be taxed as an S Corp for that next year.
That may sound confusing, so let me paint you a picture. Let’s say you formed your business on April 1, 2015. If you file Form 2553 within two and a half months, your business will be taxed as an S Corp for all of 2015. If you file Form 2553 after that 2 1/2 month window, the business won't be taxed as an S Corp until 2016. Alternatively, let's pretend you formed your business in 2014 and didn't want to be taxed as an S Corp at that point. You met with your CPA on August 1, 2015 and she recommended that the business switch to an S Corp. If you file Form 2553 by March 15, 2016, your business will be taxed as an S Corp beginning in 2016. But if you wait and don’t get around to filing the form until April 1, 2016, then your S Corp election will not take effect until 2017.
The IRS will make some exceptions and still accept late filings, but those exceptions are limited.
Once you have the form complete you just fax or mail it to the IRS. Assuming nothing goes wrong, in a month or two they will send you a confirmation saying that your tax status has changed and you are now an S Corp. Success!
Really, that’s it. It's not as complicated as it sounds, I swear! It is still definitely a good idea to talk with your attorney or your CPA when doing this or simply have them take care of it for you. As simple as it is, it is still possible to mess it up or not accurately complete Form 2553, and dealing with the IRS is not always the most fun experience. (You can usually expect at least an hour hold time if you need to call the IRS with questions.) So, it’s definitely better to be safe rather than be sorry and just have a professional take care of it for you.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
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- published: 25 Nov 2015
- views: 1692
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
- published: 27 Jan 2015
- views: 16273
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no.
You are taxed on the net profit of the business in any given year. Whether you take it out as distributions or leave it in the company, you will be taxed on it in the year that you made it.
Let's apply some numbers to this. Let's say in 2014 you made $100,000 income and had $75,000 in expenses. Your net profit (income minus expenses) is $25,000. This is the business income that you will be taxed on in 2014. You can leave it in the business bank account or take it out as distributions, but that $25,000 is taxable income either way.
In addition, let's say you took $15,000 out as distributions in 2014 leaving $10,000 in the business bank account.
Moving to the next year: In 2015, your net income was only $10,000. You proceeded to take out $15,000 in distributions. This is over what you made in 2015! Are you taxed on this? The answer is NO. Why not? You still have $10,000 from 2014 in "retained earnings". You have already been taxed on that number in 2014.
This is a complex topic that tends to confuse business owners. If you have any questions or need further guidance, it's best to contact us for help.
- published: 09 Jul 2015
- views: 791
S corporation
An S corporation, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes. Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
An overview of S corporations
S corporations are ordinary business corporations (or, in some cases, limited liability companies or even partnerships) that elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes. The S corporation rules are contained in Subchapter S of Chapter 1 of the Internal Revenue Code (sections 1361 through 1379). S status combines the legal environment of C corporations with U.S. federal income taxation similar to that of partnerships.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/S_corporation
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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12:55S-Corp or LLC - Which is Better? (By John M Miller, CPA)
S-Corp or LLC - Which is Better? (By John M Miller, CPA)S-Corp or LLC - Which is Better? (By John M Miller, CPA)
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure. If you have any questions, concerns, or topics you want addressed, please join us on Facebook at http://www.Facebook.com/pages/John-Michael-Miller-CPA-Inc/110267992394431 or on Twitter at http://www.Twitter.com/TaxMoneyAdvice Visit our website at http://www.IncomeTaxPreparation.com Visit our blog at http://www.AmericanAccountingServices.com -
3:32Tax Tip for S-Corporation Owners: How to Pay Yourself
Tax Tip for S-Corporation Owners: How to Pay YourselfTax Tip for S-Corporation Owners: How to Pay Yourself
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary, withholding the proper FICA tax, and taking the proper distributions from the business are some of the most important steps to take. Fan and Follow Henssler Group -- Download the Henssler App Facebook: http://on.fb.me/14IxKoA Twitter: http://bit.ly/13rGJbI LinkedIn: http://linkd.in/17n8uTI YouTube: http://bit.ly/ehBglQ iPhone App: http://bit.ly/13yiG9y Google Play: http://bit.ly/1cyGALf -
10:06All Up In Yo' Business: What The Heck is An S Corporation?
All Up In Yo' Business: What The Heck is An S Corporation?All Up In Yo' Business: What The Heck is An S Corporation?
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation? Business owners may have heard the term "S Corporation" or may even be an S Corporation, but do not really understand what it means and how it affects their business. A corporation or an LLC can elect to be treated as an S Corporation for federal tax purposes, and doing so can potentially save the business and its owners significant amounts of money in federal taxes. If a corporation does not elect to be treated as an S Corporation, it will default to be taxed as a C Corporation. C Corporations experience "double taxation" and the income to the corporation is taxed twice. Electing to be treated as an S Corporation, however, causes the income and losses to the corporation to be passed to the shareholders and taxed only once. Similarly, an owners of an LLC typically have to pay self employment taxes in addition to their other income taxes. Electing to be an LLC treated as an S Corporation, however, allows the owners to take a reasonable wage from the LLC as if they were employees and avoid tat self employment tax , and the additional income from the LLC will be taxed as dividends (which is much lower than the highest income tax bracket), thus avoiding the self employment tax all together. To learn more about the different types of business entities, watch Episode 1 of All Up in Yo' Business: Choosing a Business Entity: https://www.youtube.com/watch?v=lV2ihjRVzMg If you have questions, please feel free to comment below. If you would like to speak with me personally, please email me at AidenKramerLaw@gmail.com or call (720) 854-8143. -
22:59S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you! FREE consultations, visit: http://meetme.so/freebie Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur, -
2:16What Is S Corp?
What Is S Corp?What Is S Corp?
-
20:41S corporation basic - CPA exam regulation
S corporation basic - CPA exam regulationS corporation basic - CPA exam regulation
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, separately stated item, non-separately stated items, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination -
5:24Why Choose an S-Corporation?
Why Choose an S-Corporation?Why Choose an S-Corporation?
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business -
3:38How Do I Form an S Corporation? - All Up In Yo' Business
How Do I Form an S Corporation? - All Up In Yo' BusinessHow Do I Form an S Corporation? - All Up In Yo' Business
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw LLC or S Corp? https://youtu.be/MoMo28wx5T0 I’ve posted videos in the past discussing S Corps and the benefits of forming an S Corp, but this question still comes up: how do I form an S Corp? Once you have formed your business and decide that you want your business to be taxed as an S Corp, how do you actually do that? If you have created an LLC for your business and you want it to be taxed as an S Corp, you will file IRS Form 2553. The form asks for some basic information about the business and it's owners, and is generally pretty straight-forward. The important thing to remember if you want to form an S Corp is that there is a deadline for submitting Form 2553 to the IRS. If you just formed your business, you have two months and 15 days from the date of formation to form the S Corp for the current year. If you are already passed that window, then you have 2 and a half months from the beginning of the next year to be taxed as an S Corp for that next year. That may sound confusing, so let me paint you a picture. Let’s say you formed your business on April 1, 2015. If you file Form 2553 within two and a half months, your business will be taxed as an S Corp for all of 2015. If you file Form 2553 after that 2 1/2 month window, the business won't be taxed as an S Corp until 2016. Alternatively, let's pretend you formed your business in 2014 and didn't want to be taxed as an S Corp at that point. You met with your CPA on August 1, 2015 and she recommended that the business switch to an S Corp. If you file Form 2553 by March 15, 2016, your business will be taxed as an S Corp beginning in 2016. But if you wait and don’t get around to filing the form until April 1, 2016, then your S Corp election will not take effect until 2017. The IRS will make some exceptions and still accept late filings, but those exceptions are limited. Once you have the form complete you just fax or mail it to the IRS. Assuming nothing goes wrong, in a month or two they will send you a confirmation saying that your tax status has changed and you are now an S Corp. Success! Really, that’s it. It's not as complicated as it sounds, I swear! It is still definitely a good idea to talk with your attorney or your CPA when doing this or simply have them take care of it for you. As simple as it is, it is still possible to mess it up or not accurately complete Form 2553, and dealing with the IRS is not always the most fun experience. (You can usually expect at least an hour hold time if you need to call the IRS with questions.) So, it’s definitely better to be safe rather than be sorry and just have a professional take care of it for you. Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB -
16:32S-Corporation and How to Complete Form 2553, Small Business Election
S-Corporation and How to Complete Form 2553, Small Business ElectionS-Corporation and How to Complete Form 2553, Small Business Election
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com FREE consultations, visit: http://meetme.so/freebie Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur, -
5:44Are S-Corporation Distibutions Taxable?
Are S-Corporation Distibutions Taxable?Are S-Corporation Distibutions Taxable?
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no. You are taxed on the net profit of the business in any given year. Whether you take it out as distributions or leave it in the company, you will be taxed on it in the year that you made it. Let's apply some numbers to this. Let's say in 2014 you made $100,000 income and had $75,000 in expenses. Your net profit (income minus expenses) is $25,000. This is the business income that you will be taxed on in 2014. You can leave it in the business bank account or take it out as distributions, but that $25,000 is taxable income either way. In addition, let's say you took $15,000 out as distributions in 2014 leaving $10,000 in the business bank account. Moving to the next year: In 2015, your net income was only $10,000. You proceeded to take out $15,000 in distributions. This is over what you made in 2015! Are you taxed on this? The answer is NO. Why not? You still have $10,000 from 2014 in "retained earnings". You have already been taxed on that number in 2014. This is a complex topic that tends to confuse business owners. If you have any questions or need further guidance, it's best to contact us for help.
-
S-Corp or LLC - Which is Better? (By John M Miller, CPA)
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure. If you have any questions, concerns, or topics you want addressed, please join us on Facebook at http://www.Facebook.com/pages/John-Michael-Miller-CPA-Inc/110267992394431 or on Twitter at http://www.Twitter.com/TaxMoneyAdvice Visit our website at http://www.IncomeTaxPreparation.com Visit our blog at http://www.AmericanAccountingServices.com
published: 06 Nov 2010 -
Tax Tip for S-Corporation Owners: How to Pay Yourself
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary, withholding the proper FICA tax, and taking the proper distributions from the business are some of the most important steps to take. Fan and Follow Henssler Group -- Download the Henssler App Facebook: http://on.fb.me/14IxKoA Twitter: http://bit.ly/13rGJbI LinkedIn: http://linkd.in/17n8uTI YouTube: http://bit.ly/ehBglQ iPhone App: http://bit.ly/13yiG9y Google Play: http://bit.ly/1cyGALf
published: 14 Jan 2014 -
All Up In Yo' Business: What The Heck is An S Corporation?
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation? Business owners may have heard the term "S Corporation" or may even be an S Corporation, but do not really understand what it means and how it affects their business. A corporation or an LLC can elect to be treated as an S Corporation for federal tax purposes, and doing so can potentially save the business and its owners significant amounts of money in federal taxes. If a corporation does not elect to be treated as an S Corporation, it will default to be taxed as a C Corporation. C Corporations experience "double taxation" and the income to the corporation is taxed twice. Electing to be treated as an S Corporation, however, causes t...
published: 14 Dec 2013 -
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you! FREE consultations, visit: http://meetme.so/freebie Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf Key Words: S-Corporation, Form 2553, Small Busine...
published: 23 Oct 2015 -
What Is S Corp?
published: 03 Dec 2012 -
S corporation basic - CPA exam regulation
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, separately stated item, non-separately stated items, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination
published: 23 Oct 2015 -
Why Choose an S-Corporation?
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business
published: 11 Apr 2012 -
How Do I Form an S Corporation? - All Up In Yo' Business
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw LLC or S Corp? https://youtu.be/MoMo28wx5T0 I’ve posted videos in the past discussing S Corps and the benefits of forming an S Corp, but this question still comes up: how do I form an S Corp? Once you have formed your business and decide that you want your business to be taxed as an S Corp, how do you actually do that? If you have created an LLC for your business and you want it to be taxed as an S Corp, you will file IRS Form 2553. The form asks for some basic information about the business and it's owners, and is generally pretty straight-forward. The important thing to remember if you want to form an S Corp is that there is a deadline for submitting Form 2553 to the IRS. If you just formed your business, you have two ...
published: 25 Nov 2015 -
S-Corporation and How to Complete Form 2553, Small Business Election
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com FREE consultations, visit: http://meetme.so/freebie Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf Key Words: S-Corporation, Form 2553, Smal...
published: 27 Jan 2015 -
Are S-Corporation Distibutions Taxable?
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no. You are taxed on the net profit of the business in any given year. Whether you take it out as distributions or leave it in the company, you will be taxed on it in the year that you made it. Let's apply some numbers to this. Let's say in 2014 you made $100,000 income and had $75,000 in expenses. Your net profit (income minus expenses) is $25,000. This is the business income that you will be taxed on in 2014. You can leave it in the business bank account or take it out as distributions, but that $25,000 is taxable income either way. In addition, let's say you took $15,000 out as distributions in 2014 leaving $10,000 in the business bank account. Mo...
published: 09 Jul 2015
S-Corp or LLC - Which is Better? (By John M Miller, CPA)
- Order: Reorder
- Duration: 12:55
- Updated: 06 Nov 2010
- views: 138532
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure.
...
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure.
If you have any questions, concerns, or topics you want addressed, please join us on Facebook at http://www.Facebook.com/pages/John-Michael-Miller-CPA-Inc/110267992394431 or on Twitter at http://www.Twitter.com/TaxMoneyAdvice
Visit our website at http://www.IncomeTaxPreparation.com
Visit our blog at http://www.AmericanAccountingServices.com
wn.com/S Corp Or Llc Which Is Better (By John M Miller, Cpa)
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss the advantages and disadvantages of each type of business structure.
If you have any questions, concerns, or topics you want addressed, please join us on Facebook at http://www.Facebook.com/pages/John-Michael-Miller-CPA-Inc/110267992394431 or on Twitter at http://www.Twitter.com/TaxMoneyAdvice
Visit our website at http://www.IncomeTaxPreparation.com
Visit our blog at http://www.AmericanAccountingServices.com
- published: 06 Nov 2010
- views: 138532
Tax Tip for S-Corporation Owners: How to Pay Yourself
- Order: Reorder
- Duration: 3:32
- Updated: 14 Jan 2014
- views: 22750
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary,...
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary, withholding the proper FICA tax, and taking the proper distributions from the business are some of the most important steps to take.
Fan and Follow Henssler Group -- Download the Henssler App
Facebook: http://on.fb.me/14IxKoA
Twitter: http://bit.ly/13rGJbI
LinkedIn: http://linkd.in/17n8uTI
YouTube: http://bit.ly/ehBglQ
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wn.com/Tax Tip For S Corporation Owners How To Pay Yourself
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yourself as the owner of an S-Corp. Paying yourself a reasonable salary, withholding the proper FICA tax, and taking the proper distributions from the business are some of the most important steps to take.
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- published: 14 Jan 2014
- views: 22750
All Up In Yo' Business: What The Heck is An S Corporation?
- Order: Reorder
- Duration: 10:06
- Updated: 14 Dec 2013
- views: 20822
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation?
B...
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation?
Business owners may have heard the term "S Corporation" or may even be an S Corporation, but do not really understand what it means and how it affects their business. A corporation or an LLC can elect to be treated as an S Corporation for federal tax purposes, and doing so can potentially save the business and its owners significant amounts of money in federal taxes.
If a corporation does not elect to be treated as an S Corporation, it will default to be taxed as a C Corporation. C Corporations experience "double taxation" and the income to the corporation is taxed twice. Electing to be treated as an S Corporation, however, causes the income and losses to the corporation to be passed to the shareholders and taxed only once. Similarly, an owners of an LLC typically have to pay self employment taxes in addition to their other income taxes. Electing to be an LLC treated as an S Corporation, however, allows the owners to take a reasonable wage from the LLC as if they were employees and avoid tat self employment tax , and the additional income from the LLC will be taxed as dividends (which is much lower than the highest income tax bracket), thus avoiding the self employment tax all together.
To learn more about the different types of business entities, watch Episode 1 of All Up in Yo' Business: Choosing a Business Entity: https://www.youtube.com/watch?v=lV2ihjRVzMg
If you have questions, please feel free to comment below. If you would like to speak with me personally, please email me at AidenKramerLaw@gmail.com or call (720) 854-8143.
wn.com/All Up In Yo' Business What The Heck Is An S Corporation
In this episode of All Up In Yo' Business, I answer the question that I know you are all just dying to know the answer to: what the heck is an S Corporation?
Business owners may have heard the term "S Corporation" or may even be an S Corporation, but do not really understand what it means and how it affects their business. A corporation or an LLC can elect to be treated as an S Corporation for federal tax purposes, and doing so can potentially save the business and its owners significant amounts of money in federal taxes.
If a corporation does not elect to be treated as an S Corporation, it will default to be taxed as a C Corporation. C Corporations experience "double taxation" and the income to the corporation is taxed twice. Electing to be treated as an S Corporation, however, causes the income and losses to the corporation to be passed to the shareholders and taxed only once. Similarly, an owners of an LLC typically have to pay self employment taxes in addition to their other income taxes. Electing to be an LLC treated as an S Corporation, however, allows the owners to take a reasonable wage from the LLC as if they were employees and avoid tat self employment tax , and the additional income from the LLC will be taxed as dividends (which is much lower than the highest income tax bracket), thus avoiding the self employment tax all together.
To learn more about the different types of business entities, watch Episode 1 of All Up in Yo' Business: Choosing a Business Entity: https://www.youtube.com/watch?v=lV2ihjRVzMg
If you have questions, please feel free to comment below. If you would like to speak with me personally, please email me at AidenKramerLaw@gmail.com or call (720) 854-8143.
- published: 14 Dec 2013
- views: 20822
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
- Order: Reorder
- Duration: 22:59
- Updated: 23 Oct 2015
- views: 1637
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Bu...
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you!
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
wn.com/S Corporation (Form 2553) How It Works And Saves Tax Dollars
Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you!
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
- published: 23 Oct 2015
- views: 1637
What Is S Corp?
- Order: Reorder
- Duration: 2:16
- Updated: 03 Dec 2012
- views: 14224
- published: 03 Dec 2012
- views: 14224
S corporation basic - CPA exam regulation
- Order: Reorder
- Duration: 20:41
- Updated: 23 Oct 2015
- views: 1415
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accum...
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, separately stated item, non-separately stated items, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination
wn.com/S Corporation Basic Cpa Exam Regulation
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1120 s, earnings and profits, E & A, current earnings and profit, accumulated earnings and profit, distribution, dividend, separately stated item, non-separately stated items, schedule K, Schedule K-1, passive loss, schedule e, S corporation distribution, C corporation distribution, capital gain, CPA exam, S election, S termination
- published: 23 Oct 2015
- views: 1415
Why Choose an S-Corporation?
- Order: Reorder
- Duration: 5:24
- Updated: 11 Apr 2012
- views: 7073
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business
wn.com/Why Choose An S Corporation
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporation in your business
- published: 11 Apr 2012
- views: 7073
How Do I Form an S Corporation? - All Up In Yo' Business
- Order: Reorder
- Duration: 3:38
- Updated: 25 Nov 2015
- views: 1692
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw
LLC or S Corp? https://youtu.be/MoMo28wx5T0
I’ve posted videos in the past discussing S Corps a...
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw
LLC or S Corp? https://youtu.be/MoMo28wx5T0
I’ve posted videos in the past discussing S Corps and the benefits of forming an S Corp, but this question still comes up: how do I form an S Corp? Once you have formed your business and decide that you want your business to be taxed as an S Corp, how do you actually do that?
If you have created an LLC for your business and you want it to be taxed as an S Corp, you will file IRS Form 2553. The form asks for some basic information about the business and it's owners, and is generally pretty straight-forward.
The important thing to remember if you want to form an S Corp is that there is a deadline for submitting Form 2553 to the IRS. If you just formed your business, you have two months and 15 days from the date of formation to form the S Corp for the current year. If you are already passed that window, then you have 2 and a half months from the beginning of the next year to be taxed as an S Corp for that next year.
That may sound confusing, so let me paint you a picture. Let’s say you formed your business on April 1, 2015. If you file Form 2553 within two and a half months, your business will be taxed as an S Corp for all of 2015. If you file Form 2553 after that 2 1/2 month window, the business won't be taxed as an S Corp until 2016. Alternatively, let's pretend you formed your business in 2014 and didn't want to be taxed as an S Corp at that point. You met with your CPA on August 1, 2015 and she recommended that the business switch to an S Corp. If you file Form 2553 by March 15, 2016, your business will be taxed as an S Corp beginning in 2016. But if you wait and don’t get around to filing the form until April 1, 2016, then your S Corp election will not take effect until 2017.
The IRS will make some exceptions and still accept late filings, but those exceptions are limited.
Once you have the form complete you just fax or mail it to the IRS. Assuming nothing goes wrong, in a month or two they will send you a confirmation saying that your tax status has changed and you are now an S Corp. Success!
Really, that’s it. It's not as complicated as it sounds, I swear! It is still definitely a good idea to talk with your attorney or your CPA when doing this or simply have them take care of it for you. As simple as it is, it is still possible to mess it up or not accurately complete Form 2553, and dealing with the IRS is not always the most fun experience. (You can usually expect at least an hour hold time if you need to call the IRS with questions.) So, it’s definitely better to be safe rather than be sorry and just have a professional take care of it for you.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
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wn.com/How Do I Form An S Corporation All Up In Yo' Business
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw
LLC or S Corp? https://youtu.be/MoMo28wx5T0
I’ve posted videos in the past discussing S Corps and the benefits of forming an S Corp, but this question still comes up: how do I form an S Corp? Once you have formed your business and decide that you want your business to be taxed as an S Corp, how do you actually do that?
If you have created an LLC for your business and you want it to be taxed as an S Corp, you will file IRS Form 2553. The form asks for some basic information about the business and it's owners, and is generally pretty straight-forward.
The important thing to remember if you want to form an S Corp is that there is a deadline for submitting Form 2553 to the IRS. If you just formed your business, you have two months and 15 days from the date of formation to form the S Corp for the current year. If you are already passed that window, then you have 2 and a half months from the beginning of the next year to be taxed as an S Corp for that next year.
That may sound confusing, so let me paint you a picture. Let’s say you formed your business on April 1, 2015. If you file Form 2553 within two and a half months, your business will be taxed as an S Corp for all of 2015. If you file Form 2553 after that 2 1/2 month window, the business won't be taxed as an S Corp until 2016. Alternatively, let's pretend you formed your business in 2014 and didn't want to be taxed as an S Corp at that point. You met with your CPA on August 1, 2015 and she recommended that the business switch to an S Corp. If you file Form 2553 by March 15, 2016, your business will be taxed as an S Corp beginning in 2016. But if you wait and don’t get around to filing the form until April 1, 2016, then your S Corp election will not take effect until 2017.
The IRS will make some exceptions and still accept late filings, but those exceptions are limited.
Once you have the form complete you just fax or mail it to the IRS. Assuming nothing goes wrong, in a month or two they will send you a confirmation saying that your tax status has changed and you are now an S Corp. Success!
Really, that’s it. It's not as complicated as it sounds, I swear! It is still definitely a good idea to talk with your attorney or your CPA when doing this or simply have them take care of it for you. As simple as it is, it is still possible to mess it up or not accurately complete Form 2553, and dealing with the IRS is not always the most fun experience. (You can usually expect at least an hour hold time if you need to call the IRS with questions.) So, it’s definitely better to be safe rather than be sorry and just have a professional take care of it for you.
Contact Aiden: (720) 722-0639 and aidenkramerlaw@gmail.com
Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com.
Thumbs up & subscribe if you want more AUIYB!
Follow Me!
IG: @allupinyobusiness
Twitter: @_AllUpInYoBiz
www.facebook.com/aidenhkramer
www.google.com/+aidenkramerlawAUIYB
www.pinterest.com/AUIYB
- published: 25 Nov 2015
- views: 1692
S-Corporation and How to Complete Form 2553, Small Business Election
- Order: Reorder
- Duration: 16:32
- Updated: 27 Jan 2015
- views: 16273
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For mor...
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
wn.com/S Corporation And How To Complete Form 2553, Small Business Election
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com
FREE consultations, visit: http://meetme.so/freebie
Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues
S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx
SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes
LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp
What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf
Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur,
- published: 27 Jan 2015
- views: 16273
Are S-Corporation Distibutions Taxable?
- Order: Reorder
- Duration: 5:44
- Updated: 09 Jul 2015
- views: 791
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no.
You are taxed on the...
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no.
You are taxed on the net profit of the business in any given year. Whether you take it out as distributions or leave it in the company, you will be taxed on it in the year that you made it.
Let's apply some numbers to this. Let's say in 2014 you made $100,000 income and had $75,000 in expenses. Your net profit (income minus expenses) is $25,000. This is the business income that you will be taxed on in 2014. You can leave it in the business bank account or take it out as distributions, but that $25,000 is taxable income either way.
In addition, let's say you took $15,000 out as distributions in 2014 leaving $10,000 in the business bank account.
Moving to the next year: In 2015, your net income was only $10,000. You proceeded to take out $15,000 in distributions. This is over what you made in 2015! Are you taxed on this? The answer is NO. Why not? You still have $10,000 from 2014 in "retained earnings". You have already been taxed on that number in 2014.
This is a complex topic that tends to confuse business owners. If you have any questions or need further guidance, it's best to contact us for help.
wn.com/Are S Corporation Distibutions Taxable
"I am on payroll and receive a paycheck but also take out distributions. Are distributions from my S-Corporation taxable?" Generally, no.
You are taxed on the net profit of the business in any given year. Whether you take it out as distributions or leave it in the company, you will be taxed on it in the year that you made it.
Let's apply some numbers to this. Let's say in 2014 you made $100,000 income and had $75,000 in expenses. Your net profit (income minus expenses) is $25,000. This is the business income that you will be taxed on in 2014. You can leave it in the business bank account or take it out as distributions, but that $25,000 is taxable income either way.
In addition, let's say you took $15,000 out as distributions in 2014 leaving $10,000 in the business bank account.
Moving to the next year: In 2015, your net income was only $10,000. You proceeded to take out $15,000 in distributions. This is over what you made in 2015! Are you taxed on this? The answer is NO. Why not? You still have $10,000 from 2014 in "retained earnings". You have already been taxed on that number in 2014.
This is a complex topic that tends to confuse business owners. If you have any questions or need further guidance, it's best to contact us for help.
- published: 09 Jul 2015
- views: 791
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12:55
S-Corp or LLC - Which is Better? (By John M Miller, CPA)
Many clients ask me whether they should form an S-Corp or an LLC. In this video I discuss ...
published: 06 Nov 2010
S-Corp or LLC - Which is Better? (By John M Miller, CPA)
S-Corp or LLC - Which is Better? (By John M Miller, CPA)
- Report rights infringement
- published: 06 Nov 2010
- views: 138532
3:32
Tax Tip for S-Corporation Owners: How to Pay Yourself
Emily Cowan, C.P.A., a Tax Consultant with Henssler Financial, explains how you can pay yo...
published: 14 Jan 2014
Tax Tip for S-Corporation Owners: How to Pay Yourself
Tax Tip for S-Corporation Owners: How to Pay Yourself
- Report rights infringement
- published: 14 Jan 2014
- views: 22750
10:06
All Up In Yo' Business: What The Heck is An S Corporation?
In this episode of All Up In Yo' Business, I answer the question that I know you are all j...
published: 14 Dec 2013
All Up In Yo' Business: What The Heck is An S Corporation?
All Up In Yo' Business: What The Heck is An S Corporation?
- Report rights infringement
- published: 14 Dec 2013
- views: 20822
22:59
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
Video tutorial to learn more about how to structure your company, the tax classifications ...
published: 23 Oct 2015
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
S-Corporation (Form 2553): How It Works and Saves Tax Dollars!
- Report rights infringement
- published: 23 Oct 2015
- views: 1637
2:16
What Is S Corp?
published: 03 Dec 2012
What Is S Corp?
What Is S Corp?
- Report rights infringement
- published: 03 Dec 2012
- views: 14224
20:41
S corporation basic - CPA exam regulation
S corporation, AAA, Accumulated adjustment account, shareholder consent, Form 2553, Form 1...
published: 23 Oct 2015
S corporation basic - CPA exam regulation
S corporation basic - CPA exam regulation
- Report rights infringement
- published: 23 Oct 2015
- views: 1415
5:24
Why Choose an S-Corporation?
Attorney and Entrepreneur Geoff Dietrich discusses the advantages of forming an S Corporat...
published: 11 Apr 2012
Why Choose an S-Corporation?
Why Choose an S-Corporation?
- Report rights infringement
- published: 11 Apr 2012
- views: 7073
3:38
How Do I Form an S Corporation? - All Up In Yo' Business
What the Heck is an S Corporation? https://youtu.be/i5to7Da3wMw
LLC or S Corp? https://you...
published: 25 Nov 2015
How Do I Form an S Corporation? - All Up In Yo' Business
How Do I Form an S Corporation? - All Up In Yo' Business
- Report rights infringement
- published: 25 Nov 2015
- views: 1692
16:32
S-Corporation and How to Complete Form 2553, Small Business Election
Video tutorial to learn more about S-Corporation tax status by a Small Business and how to...
published: 27 Jan 2015
S-Corporation and How to Complete Form 2553, Small Business Election
S-Corporation and How to Complete Form 2553, Small Business Election
- Report rights infringement
- published: 27 Jan 2015
- views: 16273
5:44
Are S-Corporation Distibutions Taxable?
"I am on payroll and receive a paycheck but also take out distributions. Are distributions...
published: 09 Jul 2015
Are S-Corporation Distibutions Taxable?
Are S-Corporation Distibutions Taxable?
- Report rights infringement
- published: 09 Jul 2015
- views: 791
S-Corp or LLC - Which is Better? (By John M Miller...
Tax Tip for S-Corporation Owners: How to Pay Yours...
All Up In Yo' Business: What The Heck is An S Corp...
S-Corporation (Form 2553): How It Works and Saves ...
What Is S Corp?...
S corporation basic - CPA exam regulation...
Why Choose an S-Corporation?...
How Do I Form an S Corporation? - All Up In Yo' Bu...
S-Corporation and How to Complete Form 2553, Small...
Are S-Corporation Distibutions Taxable?...
photo: US Fema
Congress Overwhelmingly Approves Veto Of Saudi 9/11 Bill
Edit WorldNews.com 28 Sep 2016
officials to similar lawsuits abroad, the report said. “Overriding a presidential veto is something we don’t take lightly, but it was important in this case that the families of the victims of 9/11 be allowed to pursue justice, even if that pursuit causes some diplomatic discomforts,” Sen. Charles E. Schumer (D-N.Y.), who co-authored the bill with Sen. John Cornyn (R-Tex.), said in a statement ... officials overseas at risk....
photo: Creative Commons / Georges Biard
Did Angelina Jolie Cheat On Brad Pitt?
Edit Opposing Views 28 Sep 2016
After rumors circulated that Brad Pitt was cheating on Angelina Jolie prior to their recent divorce, a new report suggests that Jolie may have actually cheated on Pitt. According to Radar Online, Jolie may have been getting a little too cozy with her 'Tourist' costar Johnny Depp. ... Depp recently went through his own divorce from actress Amber Heard ... He is my love, my best friend, the only one that I need ... With all my love Marion"....
photo: Creative Commons / lasta29
[UPDATE]: Malaysia Airlines MH17 Downed By Missile From Russian-Backed Rebels: Report
Edit WorldNews.com 28 Sep 2016
The missile that struck a Malaysia Airlines plane traveling from Amsterdam to Kuala Lumpur in 2014 killing all 298 people on board was fired from territory controlled by Russian-backed rebels, international prosecutors investing the incident told BBC News Wednesday.Prosecutors said the missile launcher was brought into Ukraine from Russia and later ......
photo: US DoS
Kerry threatens Russia with end to joint Syria diplomacy
Edit The Roanoke Times 28 Sep 2016
WASHINGTON (AP) — Secretary of State John Kerry threatened on Wednesday to end all cooperation between the United States and Russia to stop Syria's civil war, unless Russian and Syrian government attacks on Aleppo end. More than 250 people are believed to have been killed in the besieged city in the last week ... ultimatum in Syria's 5½-year conflict. Many have gone unfulfilled, including President Barack Obama's declaration that the U.S ... ....
photo:
Missile That Downed Malaysian Airlines Plane Over Ukraine Came From Russia: Report
Edit WorldNews.com 28 Sep 2016
The Washington Post reports Wednesday the missile that downed a Malaysian Airlines plane over Ukraine came from Russia, according to a probe of the incident.The findings could lead to criminal charges over the disaster, which killed all 298 people aboard the flight from Amsterdam to Kuala Lumpur. WN.com will update this breaking news story.....
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Appendix 4G and Corporate Governance Statement (Generation Healthcare REIT)
Edit Public Technologies 29 Sep 2016
Corporate Governance Council Principles and Recommendations ... Our corporate governance statement2 for the above period above can be found at.3 ... The Corporate Governance Statement is accurate and up to date as at 19 August 2016 and has been approved by the board. The annexure includes a key to where our corporate governance disclosures can be located ... Page 1 ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES....
Reliant Gold Provides Corporate Update and Progress Report on Its East Bay Property, Located in ...
Edit Stockhouse 29 Sep 2016
Reliant Gold Provides Corporate Update and Progress Report on Its East Bay Property, Located in the McVicar Lake Area of Northwestern Ontario ... I. RELIANT GOLD - CORPORATE UPDATE ... Since re-joining the board of directors (the "Board") and senior management team of Reliant Gold in January 2016, Kabir Ahmed, the Corporation's Chairman, President and CEO, has quickly taken a number of strategic steps to....
DMK releases candidates list for 5 corporations
Edit The Hindu 29 Sep 2016
The DMK on Wednesday released the list of the party candidates for five corporations of Tiruchi, Salem, Vellore, Tiruppur and Thoothukudi. As per the party organisational structure, the Tiruchi Corporation comes under Tiruchi (South) district party unit, Salem under Central district unit and Thoothukudi under the South district unit....
Tamil Nadu PSU staff to get up to Rs 16,000 as bonus this Diwali
Edit The Times of India 29 Sep 2016
A total of 20% bonus would be extended to all eligible staff in Tamil Nadu Electricity Board (TNEB), state transport corporations and Tamil Nadu Civil Supplies Corporation ... The 'C' and 'D' section staffs of Tamil Nadu Text Book and Educational Services Corporation are entitled to get 8.33% bonus and 11.67% ex gratia....
Why corporations have begun taking a stand on divisive social issues in recent years
Edit Business Insider 29 Sep 2016
So how did Che Guevera – the face of the Cuban Revolution – become CEO of corporate America?. When I first began studying the interactions between social movements and corporations 25 years ago, it was rare to see business take a public stand on social issues ... Traditionally, corporations aimed to be scrupulously neutral on social issues ... In my view, there are two broad changes responsible for this increased corporate social activism....
City gets ODF status, but this is just the beginning
Edit The Hindu 29 Sep 2016
Following the continuous efforts of the Vijayawada Municipal Corporation for the past couple of months, the city will be finally granted Open Defecation Free (ODF) status by the Quality Council of India (QCI) on Thursday ... As part of it, the corporation has built all the 1,513 sanctioned individual household toilets apart from installing 65 of the 102 sanctioned community toilets at various locations....
DMK releases list; Congress unhappy
Edit The Hindu 29 Sep 2016
The DMK has decided to contest in 62 out of 65 wards in Tiruchi City Corporation leaving three wards to the Congress ... Arockiaraj said that 100 aspirants had expressed wish to contest in the corporation election ... Meanwhile, the People Welfare Front (PWF) on Wednesday announced its seat sharing arrangement for 30 wards in the corporation election....
PMC nod for more bus terminals
Edit The Times of India 29 Sep 2016
The Pune Municipal Corporation has given a green signal to fund new bus terminals at a cost of nearly Rs 7 crore at different locations in the city ... A group of Bharatiya Janata Party corporators opposed the diversion of funds from the metro project ... PMPML provides services in the region under PMC, Pimpri Chinchwad Municipal Corporation, three ......
President Obama Announces Another Key Administration Post (President of the United States)
Edit Public Technologies 29 Sep 2016
(Source. President of the United States) ... Brent F. Nelsen - Member, Board of Directors of the Corporation for Public Broadcasting ... Dr. Brent F. Nelsen, Nominee for Member, Board of Directors of the Corporation for Public Broadcasting. Dr. Brent F ... Dr. Nelsen was first appointed to the Corporation for Public Broadcasting in 2013. Dr ... (noodl....
Chaos, boycott...And Padmavathi the mayor!
Edit Deccan Chronicle 29 Sep 2016
Padmavathi emerged victorious, with the support of JD(S) and independent corporators, while M ... Padmavathi of the Congress sailing to victory with the support of her party, JD(S) and independent corporators in the mayoral elections held on Wednesday ... A four time corporator, Ms Padmavathi defeated her nearest opponent, D ... Former corporator and BJP city unit spokesperson N....
Govt. announces festival bonus for government employees
Edit The Hindu 29 Sep 2016
Bringing cheer to over three lakh State government employees, Chief Minister Jayalalithaa on Wednesday announced a festival bonus and ex gratia of Rs ... ‘Ceiling relaxed’ ... Eligible employees of Tamil Nadu Generation and Distribution Corporation, State Transport Corporations, Tamil Nadu Civil Supplies Corporation will get a bonus of 8.33 per cent and ex gratia of 11.67 per cent ... Rs ... ....
New York tax climate ranks 49th
Edit Times Union 29 Sep 2016
Albany. New York state's tax climate ranked 49th, the Tax Foundation reported in its 2017 State Tax Climate Index released Wednesday. Only New Jersey, in 50th place, ranked worse. One bright spot, if you're a corporation. New York was ranked seventh from the top in the corporate tax category. Overall, Wyoming ranked highest. — Staff report ... ....
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