by Chad Mangum | Apr 25, 2019 | Tax Basics
What is an S Corp? An S corp is a type of corporation that is considered a pass-through entity. A pass-through entity means that you, personally, will be taxed on the income the business generates. Why would I want an S Corp? An S corp does have some tax benefits. It...
by Chad Mangum | Apr 25, 2019 | Tax Basics
Overview Whether you’re new to the world of self-employment, or just looking for a quick tax refresher, this is the perfect place to be! For 2019, self-employment (SE) tax is 15.3%. SE tax is made up of Medicare tax (2.9%) and Social Security tax (12.4%)....
by Chad Mangum | Apr 25, 2019 | Tax Resolution
Collection The word “collection” is considered a dirty word by many, especially when the IRS involved. As intimidating as it may seem, it’s a pretty straightforward process. Let’s look at what happens: A return is filedTax is assessedYou get...
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