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re: Business structure: LLC or S-corp?

Posted on 7/19/14 at 11:05 am to
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 7/19/14 at 11:05 am to
That is the maximum amount subject to Social Security tax.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10245 posts
Posted on 7/19/14 at 11:22 am to
S-Corps do not have dividends. Sorry. You're going to pay ordinary income tax on distributions, and also on any retained earning even if they aren't distributed.

You could try to pay the tax rate on dividends, but I'd caution you against this. Basically because it would constitute tax fraud.
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