Just found the channel, it's really helping me. I've been in the process of moving abroad....but it's kinda/sorta looking like whatever tax structure exist in the other country, it's almost irrelevant since we're bond by the US tax structure-and end up using some combo of the FTC or FEIE. And if they have a treaty AND totalization. So I've had to really dig into information like this to try to come up with a plan country A, lower taxes than US country B, higher taxes than US incorporate in the US, THEN leave But congrats on building your knowledge and business, and then choosing to provide these essentials. BUT I GOTTA GET OUT OF THIS GHETTO! Which, to me, is the whole country at this point that works better as a sort of toolbox than a place to live in peace.
You are still filing your business income and paying taxes on the business profit, after paying your salary, right? And then filing personal taxes on your salary. So I’m trying to understand how it’s more beneficial than another set up, besides avoiding paying self-employment tax. Thank you!
Strategy 5 is misleading...fringe benefits are generally excluded from the income of other employees but are taxable to 2% or greater S corporation shareholders
Is there a benefit of the S-corp deducting the cost of reimbursing personal expenses vs. the S-corp making the purchases and simply deducting those expenses?
![The 5 Biggest Tax Write-Offs You’re Missing [What The Top 1% Write-Off]](http://i.ytimg.com/vi/4sMb8bJ_A8U/mqdefault.jpg)
![The 5 Biggest Tax Write-Offs You’re Missing [What The Top 1% Write-Off]](/img/tr.png)
Incredibly good video and well done. Thank you
Great video. Very well explained and understandable. Thank you.
Im a 1099 worker. This is so valuable to me
Thanks for sharing your insights
This was beyond helpful! Thank you for your time and effort into this content!!
Great video, btw is that a State & Liberty shirt? looks great.
Good Stuff Sir.
Just found the channel, it's really helping me. I've been in the process of moving abroad....but it's kinda/sorta looking like whatever tax structure exist in the other country, it's almost irrelevant since we're bond by the US tax structure-and end up using some combo of the FTC or FEIE. And if they have a treaty AND totalization. So I've had to really dig into information like this to try to come up with a plan
country A, lower taxes than US
country B, higher taxes than US
incorporate in the US, THEN leave
But congrats on building your knowledge and business, and then choosing to provide these essentials.
BUT I GOTTA GET OUT OF THIS GHETTO! Which, to me, is the whole country at this point that works better as a sort of toolbox than a place to live in peace.
Great video. What about a home office, can you pay rent to your S corp for that?
Yes you can . You just need to form a board of advisors. I can help you out
You are still filing your business income and paying taxes on the business profit, after paying your salary, right? And then filing personal taxes on your salary. So I’m trying to understand how it’s more beneficial than another set up, besides avoiding paying self-employment tax. Thank you!
Strategy 5 is misleading...fringe benefits are generally excluded from the income of other employees but are taxable to 2% or greater S corporation shareholders
Not all of them are taxable to 2% or greater shareholders.
Is there a benefit of the S-corp deducting the cost of reimbursing personal expenses vs. the S-corp making the purchases and simply deducting those expenses?
What about health insurance.
Ill got that to llc s corp to yea ill taking advantage forreal 💯❤️🔥☝🏾🤟🏼🙏🏽🫡🙌🏼