How to Practice Filing Taxes | Sapling
How to Practice Filing Taxes | Sapling
Oct 7, 2010
sapling.com
This is how you play the game. The IRS literally tells you how to save money on taxes. That’s why 99% of the tax code exists. Here’s how S-Corps work (simplified) By electing to be taxed as an S-Corp, Rowan can split his earnings between a paycheck and an owner's draw. This allows him to minimize self-employment taxes, paying $0 on the owner's draw portion. Self employment tax is only applicable to his paycheck. On the flip side, Harry pays the full 15% self-employment tax on every dollar he ear
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