Taxpayer's Comprehensive Guide to LLCs and S Corps: 2019 Edition

Book Synopsis: 2019 Edition just released! This edition includes the major tax reform from the Tax Cuts & Jobs Act of 2017 including Section 199A qualified business income deduction for small businesses.How can I avoid self-employment taxes? This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a book.Our 2019 Edition of our book will show you-Entity Structure, Including LayeringThe Fallacy of Nevada CorpsState Taxes, Nexus, FBA Problems, and LiabilityS Corp Benefits, Tax SavingsAvoiding Self-Employment TaxesThe 185 Reasons an S Corp or LLC Might StinkForming and Operating an S CorpLate S Corp ElectionDetermining Reasonable S Corp SalarySection 199A Business Tax DeductionTax Deductions, Fringe Benefits, Kids on Payroll and CarsProperly Paying for Health InsuranceSmall Business Retirement Planning with Your S CorpEach week we receive several phone calls and emails from small business owners and other CPAs across the country who have read our Taxpayer’s Comprehensive Guide to LLCs and S Corps and praised the wealth of information. Regardless of your current situation, whether you are considering starting your own business or entertaining a contracting gig, or you are an experienced business owner, the contents of this book are for you.This book is written with the general taxpayer in mind. Too many resources simply regurgitate complex tax code without explanation. While in some cases tax code and court opinions are duplicated verbatim because of precision of the words, this book strives to explain many technical concepts in layperson terms with some added humor and opinions. We believe you will find this book educational as well as amusing.