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CT 3 S AC Employer Identification Number New York State Department of Taxation and Finance Report by an S Corporation Included I Form

CT 3 S AC Employer Identification Number New York State Department of Taxation and Finance Report by an S Corporation Included I Form

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Video instructions and help with filling out and completing CT 3 S AC Employer Identification Number New York State Department Of Taxation And Finance Report By An S Corporation Included In A Combined Franchise Tax Return Tax Law Article 9 A File Number Check Box If Overpayment Claimed Trade Form

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Instructions and help about CT 3 S AC Employer Identification Number New York State Department Of Taxation And Finance Report By An S Corporation Included In A Combined Franchise Tax Return Tax Law Article 9 A File Number Check Box If Overpayment Claimed Trade

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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