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Form VA 8879 Virginia Department of Taxation Tax Virginia Fill 2022

Va 8879 2022-2025 Form

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Video instructions and help with filling out and completing Form VA 8879 Virginia Department Of Taxation Tax Virginia Fill

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Instructions and help about virginia income authorization

so you took my advice and when you started your business you formed a an LLC taxed as an S corporation Most states that's how it works California a little different now how do you get money out of your company see you now have two different roles you are both an employee and you're an owner so an employee gets salary so you're going to pay some salary to yourself from your S corporation but you're also an owner an owner gets a distribution now what's the significance for tax purposes salaries are subject to Social Security taxes distributions are not so any amount you can justify as a distribution no 15.3 percent 16.2 percent Social Security taxes on that distribution big tax savings

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VA VA-8879 2023
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VA VA-8879 2022
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VA VA-8879 2021
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VA VA-8879 2010
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