In this video I discuss 4 scenarios when you should NOT have your LLC taxed as an S Corporation. Specifically, I discuss the four items list below.

A quick note that if you're ready to form your business, I've partnered with the following companies. Use the links below as some of them include coupon codes to receive up to $100 off their services:

Inc Authority: http://bit.ly/incauthoritycoupon
IncFile: http://bit.ly/incfilecoupon
Zenbusiness: http://bit.ly/zenbusinesscoupon
BetterLegal: http://bit.ly/betterlegalcoupon

1. How much profit should you be earning before the S Corporation election makes financial sense. Detailed Video discussing when an S Corp make financial sense:    • When Does an S Corporation Make Finan...  

2. How large amounts of W-2 income can negate the tax savings of an S Corporation. Detailed video discussing W-2 and small business income:    • Small Business and W-2 Job | Does LLC...  

3. What happens when your state doesn't recognize the federal S Corporation. Detailed video on cities and states that tax S Corporations:    • Does Your State or City Tax S Corps? ...  

4. Why passive income, such as buy and hold rental real estate, should not be taxed as an S Corporation. Detailed video on how passive income is taxed:    • Why Rental Property Income should NOT...  

Take what you learn from this video and ask your legal or tax professional all of your specific questions. If you want to contact me, my information is below.

If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment.

Website: https://www.navimarajcpa.com
Email: [email protected]
Phone: (561) 318-0232
Instagram:   / navimarajcpa  
LinkedIn:   / navimarajcpa  
Twitter:   / navimarajcpa  
Facebook:   / navi-maraj-cpa-pllc-107003020774608  

This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation.

© Navi Maraj CPA PLLC. All rights reserved.

#LLC #SCorp #Taxes