We hope you enjoy this lecture video and find the information it contains helpful. We appreciate your feedback, but do not respond to tax questions posted by viewers. Enrolled students have access to our Q & A forum where they can post questions and receive answers about subjects covered in this course. Enrolled students also receive a copy of the student manual, can complete course assignments and receive course answer keys, and receive CE credit.
Thanks for this. Studying for the EA exam and your vids are quite helpful. One thing I didn't understand was one of the disadvantages of an LLC. It was said that you pay tax on LLC earnings as distributions even if they weren't distributed and an advantage of a c-corp is that there's no tax if there is no distribution. Why are these advantages/disadvantages? If you elect to incorporate as a c-corp, and you have net earnings, you're still going to pay taxes on those at the corporate level. So, you're going to pay taxes on the income whether it's distributed or not with either entity. In one case, you pay taxes on all income whether it's distributed or not, on the "individual" level, and in the other case, you're paying taxes on income at the "corporate" level whether it's distributed or not. Either way you're paying taxes on the business income.
I am practicing Form 1120s as part of my MBA courses. I noticed that it shows that the corporation owes some taxes to the state and some to the IRS. What do they mean? Will this corp pass through to its shareholders on Sch K-1 after it's been accepted? Also, how do I report that one shareholder has more deductions than others on Sch K-1? This corp will dissolve and how do I report when returning their capital money?
Dax LLC.... Owned by Kira and Jadzia? These names seem familiar for some reason. Is there a video about when a partner dies and a new partner is brought in? The new partner’s name could be Ezri maybe. Lol, all joking aside, great video!
I STILL HAVE NOT SEEN 1 INDIVIDUAL WHO HAD CASHED IN ON 1099A OR ANY ONE OF THE FORMS THEY TALKING BOUT! I PERSONALLY NEED A TRUSTEE OR SOMEONE WHO WANTS TO ACTUALLY LOOK OUT FOR THEIR FELLOW HUMAN AND HELP TO GET THIS PROCESS COMPLETED OR ANY PROCESS DONE. THEY WOULD RECIEVE AT LEAST 1/2 OF WHAT THEY ASSIST ME IN GETTING! THEN I TOO WILL RETURN THE FAVOR TO MORE HUMANS WHO DESPERATLY NEED IT. Y'KNOW THOSE WHO ALSO ARE ON THE LIFE OR DEATH EDGE LIKE I AM ON. SMH! ILL BE EXPECTING ALL U SCAMMERS TO HIT ME UP NOW THAT I LEFT THIS COMMENT!!!
Thank you for this thoroughly laid-out video.
I already come back to your channel for refreshment, and I still learn something I missed before. Thank you so much!
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We hope you enjoy this lecture video and find the information it contains helpful. We appreciate your feedback, but do not respond to tax questions posted by viewers.
Enrolled students have access to our Q & A forum where they can post questions and receive answers about subjects covered in this course. Enrolled students also receive a copy of the student manual, can complete course assignments and receive course answer keys, and receive CE credit.
Pacific Northwest Tax School
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Hello and thanks for sharing your business tax information. Best regards from Como Italy. Ciao
Muchas gracias y felicitaciones al Sr. Ramirez por su exposition Clara, precisa y profesional😀👍
Thanks for this. Studying for the EA exam and your vids are quite helpful. One thing I didn't understand was one of the disadvantages of an LLC. It was said that you pay tax on LLC earnings as distributions even if they weren't distributed and an advantage of a c-corp is that there's no tax if there is no distribution. Why are these advantages/disadvantages? If you elect to incorporate as a c-corp, and you have net earnings, you're still going to pay taxes on those at the corporate level. So, you're going to pay taxes on the income whether it's distributed or not with either entity. In one case, you pay taxes on all income whether it's distributed or not, on the "individual" level, and in the other case, you're paying taxes on income at the "corporate" level whether it's distributed or not. Either way you're paying taxes on the business income.
thank you for uploading
Great VDO and instructor. Thank you.
very informative! keep up the great work!
I am practicing Form 1120s as part of my MBA courses. I noticed that it shows that the corporation owes some taxes to the state and some to the IRS. What do they mean? Will this corp pass through to its shareholders on Sch K-1 after it's been accepted? Also, how do I report that one shareholder has more deductions than others on Sch K-1? This corp will dissolve and how do I report when returning their capital money?
Great work,thanks for sharing.
Hi, is this lecture for enrolled agent exam? can I see full lectures and how can I get the materials? Thanks
Where can I get a copy of this book that you are talking about. Thanks you Margaret Snyder in Texas
How do I get a copy of the document that is being read? Is there a pdf that can be sent via email?
Thank you April!
Dax LLC.... Owned by Kira and Jadzia? These names seem familiar for some reason. Is there a video about when a partner dies and a new partner is brought in? The new partner’s name could be Ezri maybe.
Lol, all joking aside, great video!
Okay I thank
Be nice if we could hear
I STILL HAVE NOT SEEN 1 INDIVIDUAL WHO HAD CASHED IN ON 1099A OR ANY ONE OF THE FORMS THEY TALKING BOUT! I PERSONALLY NEED A TRUSTEE OR SOMEONE WHO WANTS TO ACTUALLY LOOK OUT FOR THEIR FELLOW HUMAN AND HELP TO GET THIS PROCESS COMPLETED OR ANY PROCESS DONE. THEY WOULD RECIEVE AT LEAST 1/2 OF WHAT THEY ASSIST ME IN GETTING! THEN I TOO WILL RETURN THE FAVOR TO MORE HUMANS WHO DESPERATLY NEED IT. Y'KNOW THOSE WHO ALSO ARE ON THE LIFE OR DEATH EDGE LIKE I AM ON. SMH! ILL BE EXPECTING ALL U SCAMMERS TO HIT ME UP NOW THAT I LEFT THIS COMMENT!!!
This may have great information but I can't get past the buzzing
Hola saludos televidentes ysusbelores maravillosos adicionales que representan alas comunidades estatales posusecesis que representan E
Real talk, your videos are solid but your logo makes you come off as sketchy and cheap. Consider rebranding
I think they are fine personally. Go look at Berkshire Hathaway's website and tell Warren Buffett about that
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Charles Forsyth, Lol
Good job but you are just reading!!
Well she could dance you.. Lol