ilmscore | S-Corporation (ESCAL) Predictions

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Accuracy

Recent Predictions

Total: 2

Correct: 0

Incorrect: 0

Pending: 2

Unrated: 0

Prediction

Author

Predicted at

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Video

Distributions from an S-corp are not subject to Medicare and Social Security taxes, potentially saving 15.3%.

"distributions made from an S corporation are not subject to Medicare and Social Security taxes which..."

Jan 17, 2024

Pending

An S-corp structure can save over $9,000 in taxes on $60,000 of profit, when $60,000 is paid as a distribution after a $60,000 salary.

"if you have a business that makes $120,000 a year in profit and you pay yourself $60,000 a year you'..."

Jan 17, 2024

Pending