ilmscore | Self-Employment Tax Savings Predictions
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Self-Employment Tax Savings

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A client with a wholesale business filing on Schedule C, earning close to $1 million net income, was advised they were overpaying $30,000 annually in self-employment taxes. Filing form 2553 to be treated as an S-corp could have saved significant taxes over 10 years.
"we had this client who was filing his wholesale business on his personal tax returns and his net inc..."
Minority Mindset Minority Mindse...
Apr 22, 2024
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ACCOUNTANT EXPLAINS:...