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LLC Tax Elections: Advanced Considerations for Enrolled Agents When advising LLC clients, be aware of these critical election options: Form 8832 allows LLCs to elect corporate taxation. Once filed, clients must wait 60 months before changing classification again unless they qualify for an exception. Qualified Business Income Deduction (Section ...

Should An LLC Elect S Corp Status For Tax Purposes? In this informative video, we discuss the implications of electing S Corporation status for your Limited Liability Company (LLC). We will clarify what an LLC is and how it operates under default tax rules. Additionally, we will introduce S Corporations and outline the specific requirements ...

LLC Operating Agreements: Tax Implications for Enrolled Agents When reviewing LLC operating agreements, enrolled agents should focus on these tax-critical provisions: Special allocations of profits and losses must have "substantial economic effect" under Section 704(b) to be respected by the IRS, requiring capital account maintenance and ...

Running a business without a tax advisor? You could be overpaying the IRS and missing major opportunities to build wealth. In this video, I break down exactly why every business owner needs a tax advisor—and how the right one can help you lower your tax bill, stay compliant, and make smarter financial moves. 💼 Whether you're just starting ...

💰 Want to Pay Less in Taxes? If your LLC earns over $50K/year, this one small change could save you thousands. Elect S-Corp status Split income into salary + distributions Avoid self-employment tax on the distribution That’s up to 15.3% saved on a big chunk of your profits. I’m not a TikTok guru—I’m a tax strategist with 20+ years ...

Block Advisors. Block Advisors · Original audio. TaxMyth Busters EP 1: The tax implications of structuring your business as an LLC.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Sylvia Jablonski, Defiance ETFs, Pedro Pizarro, Edison International, Mark Lashier, Phillips 66, Justin Wolfers, University of Michigan, John Todaro, Needham & Company ...

How RICH Avoid Capital Gains Taxes Ever wonder how the wealthy pay so little in capital gains taxes while continuing to grow their wealth? In this video, we cover the top strategies they use and how you, as a business owner, can apply these SAME techniques to lower your taxes. Find out why banks are so eager to lend large sums of money to high ...

Leverage the power of Roth IRAs for kids and discover how business owners can build an estimated $2 million in tax-free income for their children. This smart tax strategy allows you to combine family financial planning with incredible tax savings. Learn how to use your business to fund Roth IRAs for your kids, take advantage of legal deductions ...

It's been a LONG time! Here's a little frugal living Christmas present from my family to yours, and I hope you stick around for the end-of-video secret announcement. ;) (Secret bonus video can be found here! https://youtu.be/MqsZP1ZMAlw) MENTIONED LINKS: - Zenni Optical for prescription glasses: https://fave.co/4051COo - Join the Waitlist to be ...

Everyone asks about my routine and my habits...but you might be shocked that I don't wake up early, meditate, or take cold showers! These were the ACTUAL things that helped me become a millionaire by 30. 00:00 Introduction 00:31 Millionaire habit # 1 03:09 Millionaire habit # 2 04:19 Millionaire habit # 3 06:06 Millionaire habit # 4 07:24 ...

Book a Professional Tax Strategy Consultation https://start.taxalchemy.com/consultation?utm_source=youtube&utm_medium=description&utm_campaign=kd005_avoid_mistakes_before_starting_llc Cost Segregation Tax Savings Calculator https://taxalchemy.com/cost-segregation-calculator?utm_source=youtube&utm_medium=description&utm_campaign=kd005_avoid ...

Cashflow Control Knowing Your Cash Flow for Financial Success In this video, we dive into the importance of mastering your cash flow for achieving financial success. Understanding how money moves in and out of your accounts is crucial for making smart decisions, whether you’re managing personal finances or running a business. We’ll cover ...

There have been a number of things on my mind over this six month hiatus from the channel. Today, it's time to talk about two of them. ALSO! Here's the link to my annual Homegrown Hillary subscriber survey if you have a few minutes to answer ten (mostly multiple choice) questions! It really helps me plan videos throughout the year to make them ...

Here's the truth about LLC Tax Benefits & Advantages by a CPA. Become a Tax Client: https://mycpacoach.com/tax-planning-services/ LLCs are by far the most popular entity type amongst small businesses. But what exactly are the benefits of a LLC? How does it protect your business? And more importantly, what are the tax benefits of choosing a LLC ...

I asked students learning Chinese in Taiwan how much they spend in their home countries, how much people generally make, how it compares with Taiwan, and many more questions. Let me know if you like this was interesting to you. Enjoy! 00:00 Intro 00:15 Interview #1: France 05:33 Interview #2: USA / Taiwan 10:06 Interview #3: Thailand ...

Time lack keeps you stuck in survival mode. Your next level comes from a new mindset and proper planning. You don’t need more hours in the day. You need the Legacy Trust Guide, your $17 (from $67) shortcut to thinking, planning, and building like the wealthy. Comment "LEGACY" or tap the link to grab the Legacy Trust Guide (ebook + audio ...

In a groundbreaking move, Grant Thornton UAE has partnered with Grant Thornton Advisors LLC, joining a dynamic multinational platform. This collaboration enhances advisory and tax services across borders, backed by a robust investor group led by New Mountain Capital. With over 13,000 professionals in more than 50 offices worldwide, this ...

In this video, I'll be sharing how much YouTube paid me for my most viral video to date with over 43 million views! I'll also go over how YouTube pays its content creators and a full breakdown of how much money I made starting from when I uploaded it up until today. Get my FREE PDF on the top 10 tips to make your first $1,000 on YouTube: https ...

Ask your tax questions about your business, real estate, stocks, and more! Leave your question in the chat, and we'll try to answer every question. REE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba ...

How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign ...

Choosing between an LLC and electing S Corp status can feel like navigating a legal maze—affecting your liability, taxes, ownership, and growth potential. In this episode of TechDaily.AI (sponsored by StoneFly), we break down both options in plain English: • LLC Basics: Liability protection, pass-through taxation, simple setup • S Corp ...

Learn the rich's tax secrets with my new book! Click the link below https://ebook.taxalchemy.com?utm_source=youtubeCertified Enrolled Agent Karlton Dennis has seen everything in the game, using his knowledge to take advantage of his tax-return every year to write-off some quite luxurious items. The thing is, ANYBODY can do this! How? Find out ...

An ad valorem tax is a tax derived from an assessed value, such as the value real estate or personal property, with a tax rate applied.

Financial advisors are responsible for every aspect of their customer's financial life, from estate planning to tax planning to saving for retirement, and more.

I get this question a lot about stocks vs. real estate, so I wanted to go over my thoughts here by essentially addressing a comment exchange I had with someone online. Let me know your thoughts! 00:00 Intro 00:47 Addressing the comment 01:17 Point 1 02:11 Point 2 03:41 Point 3 03:56 Point 4 05:08 Point 5 06:06 Point 6 06:29 Point 7 07:00 ...

By a Trusted CPA: Find out the BIGGEST Tax Write-Offs for Small Businesses & What the Top 1% Write-Off. Every year, more than 2 million taxpayers overpay their income taxes. And this isn’t just pocket change. Taxpayers are overpaying by close to $1 BILLION dollars. This could be due to poor tax planning, or because they’re missing some of ...

-- 🔥 Looking to eliminate your tax bill? Set a call up with our team! https://calendly.com/chris-at-myvirtualtaxshop/initial-consultation ⚠️ Disclaimer: The information provided in this video is for entertainment purposes only and is not intended to be a substitute for professional tax, legal, or financial advice. Always seek the advice ...

We’ve warned you about the IRS scam call. This month several of you have told us, bogus agents are still calling trying to trick people into thinking they owe taxes. One of them even reached a tax professional.

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Traditional Advice Fails Business Owners! #shorts #moneytips #businessadvice #financialfreedom #entrepreneurship #businessowner #investmenttips #retirementplanning #personalfinance #wealthbuilding #financialsuccess #moneystrategy _________________________________________________________________________________ If you would like a free ...

How to form an S Corp is a step by step guide instructional video on how to form an S Corporation. Many of our clients with an LLC ask how do I set up an S Corp? The S Corp is simply just a tax method. You will need your C Corp or LLC to elect the S Corporation tax method. You do so with the Form 2553 to make the S Corp Election, which is just ...

We interviewed four of our Senior Tax Advisors to hear their thoughts about working for 1-800Accountant. They talk about the benefits that we provide to our clients and why going virtual is the future of accounting.

Learn exactly how to fill out IRS Form 2553. Businesses must file Form 2553 with the IRS to elect to be taxed as an S-corporation. The form is due no later than two months and 15 days after the beginning of the tax year in which the election takes effect. After electing S-corp status, the company is taxed as a pass-through entity, so the ...

AI is a Powerful Tool — But Not a Replacement for Experts Using ChatGPT for complex tasks like tax planning or medical advice can be risky — especially without the right expertise. Imagine this: ️You think you broke your finger and ask ChatGPT how to fix it. You follow the advice... and now your finger’s bent sideways for life. Or worse ...

Oct. 9 -- Donald Trump and Hillary Clinton square off on Donald Trump's Taxes and ISIS. They speak during the second presidential debate in St. Louis.

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Want to save money on your business taxes using your car? In this video, we explain how tracking your mileage gives you your business use percentage—which determines how much of your car expenses you can deduct. We also touch on Section 179 and how it allows you to write off part (or all) of your vehicle purchase in the year you buy it ...

Insights and perspective from Altruist's Head of Investments, Adam Grealish. Altruist Corp (“Altruist”) offers technology and tools designed to help financial advisors achieve better outcomes. Advisory and certain other services are provided by Altruist LLC, an SEC-registered investment adviser, and brokerage related products and services ...

S Corp vs LLC: Which Business Structure Is Right for You? In this video, we break down the key differences between an S Corporation and an LLC — including taxes, reasonable salary rules, self-employment tax, and how owners get paid. Whether you're just starting out or considering switching structures, this guide will help you choose the best ...

One of the most popular types of business entities in the United States is a single-member limited liability company. That is why it is so important to us to make a video about Single Member LLCs in 2025 this tax season. Book a Tax Services Discovery Call: https://schedule.lyfetaxes.com/discoveryapplication This type of LLC has only one owner ...

Trump just took a huge risk fighting China. Will it blow up in his face? Or will it be a huge win for the U.S.? Our thanks to Giant Mining for sponsoring today's news update. You can learn more about their copper projects here: https://giantminingcorp.com Videos we recommend: https://www.youtube.com/playlist?list ...

Do you own a Single Member LLC in the U.S.? Want to know how to pay taxes and pay yourself as an LLC owner? Special Offers 💼 Get Tools: https://stan.store/chadcfo Get CFO Help: https://pinewoodfs.com 🧾Sell a Business: https://pinewoodadvisors.com 💵 Get Payroll with Gusto ($300 Bonus!): https://gusto.com/r/chad2248 My Social Media ...

If you're ready to slash your tax bill and keep more of your hard-earned cash, then this video is a must-watch! 👀 👇🏼 1️⃣ Control your accounting: Get a grip on your income and expenses by using separate bank accounts for business and personal finances. Streamline your record-keeping for smoother tax time sailing. 2️⃣ Nail your ...

Angela Rayner's Struggle in Interview Exposes Labour’s Weak Start in 2025 In an intense interview with Andrew Neil, Angela Rayner, Labour’s deputy leader, struggles to clarify Labour's economic policies, leaving many questioning the party’s readiness to govern. The exchange reveals growing concerns about Labour’s ability to handle ...

If you're starting a business in the U.S., you can choose from several entity types: Sole proprietorship: the business has one owner and is not an LLC or a corporation. The owner would report the profit or loss of the business on Schedule C and file this along with their personal income tax return (the 1040). Partnership: the business is owned ...

💸 LLC vs. REIT: What’s the Best Investment Structure for Financing Real Estate? Are you a real estate investor, developer, or business owner wondering whether to finance property through an LLC or invest via a REIT? In this video, Bill Rapp from Medallion Mortgage breaks down the pros and cons of each structure—and how it affects your ...

TaxWise = create your Tax Savings Plan Keep More of Your YouTube Income — Legally Custom Tax Planning for YouTubers, Influencers & Online Creators 💼 You’re a Creator, Not a Tax Expert If you're making money through YouTube, sponsorships, affiliate links, or digital products — you're running a business. And the IRS wants their share ...

An S corporation provides limited liability to shareholders just like a C corporation, but is only subject to one layer of tax (unlike a C corporation, which is subject to double taxation). To form an S corporation, you must file articles of incorporation in one of the fifty U.S. states and then make an election to be treated as an S ...

Learn more about owner's draw vs payroll salary and how to pay yourself as a small business owner: http://intuit.me/2Pyhgjf In this QuickBooks Payroll tutorial, @HectorGarciaCPA answers the question, 'How do I pay myself as a small business owner?' Learn the difference between an owner’s draw and a payroll salary and why this is such an ...