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ETP Employer Transit Pass Credit for C Corporations, S Corporations, Partnerships, Sole Proprietors, Fiduciaries and Tax Exempt   Form

ETP Employer Transit Pass Credit for C Corporations, S Corporations, Partnerships, Sole Proprietors, Fiduciaries and Tax Exempt Form

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Video instructions and help with filling out and completing ETP Employer Transit Pass Credit For C Corporations, S Corporations, Partnerships, Sole Proprietors, Fiduciaries And Tax exempt Nonprofit Organizations Form

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Instructions and help about ETP Employer Transit Pass Credit For C Corporations, S Corporations, Partnerships, Sole Proprietors, Fiduciaries And Tax exempt Nonprofit Organizations

there is an important tax benefit available in an s corp which might cause you to lean in that direction you pay yourself whatever you have to pay for an employee let's say forty thousand dollars per year let's say the business brings in a hundred thousand so you take home forty thousand as the employee and sixty thousand as the owner well in that case you're going to pay income tax on all of it but you'll also pay self-employment tax on the 40 000 that is your wage as an employee now we're talking in s corp the amazing thing with an escort is you're not paying that employment tax or self-employment tax on the 60 000 that you take home as an owner

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