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Federal: Your S Corp income will be taxed at your income tax rate but you won't pay employment taxes on it. You should pay yourself a market rate wage which you will pay employment taxes on before taking distributions. How much liability protection this affords is state dependent as are state taxes.
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# ¿ Mar 30, 2017 20:10 |
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# ¿ Apr 28, 2024 20:31 |