Stop "Donating" Thousands to the IRS: LLC vs. S Corp Explained

Описание: Get Your FREE Tax Savings Checkup at MyOnlineTaxGuy.com

If your business is profiting over $60,000 a year, you are effectively donating thousands to the IRS that you do not legally owe. In this video, Zack, an Enrolled Agent, breaks down the S Corp election strategy to help you stop overpaying self-employment taxes and keep more of your hard-earned money.

The $60k Rule: Learn why crossing the $60,000 - $80,000 profit threshold is the critical moment to switch from a standard LLC to an S Corp.

The Savings Strategy: Discover how to split your income between W-2 Salary and Distributions to legally avoid the 15.3% Self-Employment tax on a portion of your profits.


The "Reasonable Salary" Trap: We explain the strict IRS requirements for paying yourself a market-rate salary and how to avoid audit red flags.

LEGAL DISCLAIMER: This video is for educational and entertainment purposes only. It does not constitute legal, accounting, or tax advice. Tax laws change frequently and vary by jurisdiction. Viewing this video does not create a client-professional relationship. Always consult with a qualified Tax Professional regarding your specific situation before making financial decisions.

Get Your Free Tax Savings Checkup at MyOnlineTaxGuy.com