The IRS is clear, you must run S-Corporation owner payroll. How you run it, what you pay yourself, and how this should work is explained in this video on S-Corporation owner payroll.
How to Fill in Form 2553 Election by a Small Business Corporation S Election
Bette Hochberger, CPA, CGMA2020-12-01T02:03:48-05:00S Corporations are popular and have many tax advantages. If you wish you make your new (or existing) corporation an S Corporation, you need to fill our Form 2553 for the S Corporation Election.
Form 7004: S Corporation Tax Extensions
Bette Hochberger, CPA, CGMA2020-12-01T02:13:29-05:00S Corporations can request a tax extension with Form 7004. It is quick, easy, and costless, so if your taxes won't be filed on time, fill out form 7004 for an automatic s corporation tax extension.
How to file an LLC Tax extension Form 7004
Bette Hochberger, CPA, CGMA2020-12-01T02:24:40-05:00An LLC Tax Extension can be quickly obtained by getting IRS Form 7004, filling it out, mailing it in, and then filing your LLC Tax return later.
Corporations – What are they good for?
Bette Hochberger, CPA, CGMA2020-12-01T02:26:13-05:00Corporations have become less popular with the growth of the LLC, but corporations still have their purposes in liability and tax planning.
Who can be an S Corporation?
Bette Hochberger, CPA, CGMA2020-12-01T02:29:31-05:00S Corporations are a very powerful tool in business and tax planning, but require qualifying and filling out IRS Form 2553 - find out if you qualify.
LLC vs S-corporation
Bette Hochberger, CPA, CGMA2020-12-01T02:45:57-05:00The most popular small business structures are the S Corporation and the LLC, decide which one is right for you and your business.
What should be business structure be?
Bette Hochberger, CPA, CGMA2020-12-03T23:35:39-05:00Whether to form an LLC, S Corporation, C Corporation, or simple partnership should be thought through, as you need to balance your corporate governance and tax rules.