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I barely know anything about taxes but I've heard restructuring an LLC into an S corp can help specific tax situations but you have to have a firm handle it so
by herpdyderp 3y ago
I barely know anything about taxes but I've heard restructuring an LLC into an S corp can help specific tax situations but you have to have a firm handle it so you can pay out taxes every month instead of only once a year. Is that something FTU can do?
- gavinhoward 3y agoShe says they don't handle paying out taxes, just the taxes from receiving contributions. Sorry. You can see more detail here: https://www.freetaxusa.com/self-employed https://www.freetaxusa.com/self-employed . For my part, I have an LLC that is not an S Corp. The reason is that you have to pay yourself a wage, and programmer wages are R&D. I think the rules were changed recently such that R&D can't be fully expensed. But talk to a professional.
- herpdyderp 3y agoAh good point about the recent R&D tax mess, I heard about that. Thanks for the info!