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filing taxes married and s corp
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i have an s corp and i'm the only employee, hence i pay myself a reasonable salary. what money do i pay taxes on the s corp. i know i pay personal taxes but is all the money left in the s corp taxable. also i just go married so does the accountant need his info to determine what taxes i need to pay. could we file separate even thoug we're married and what's the pros or cons. I take enough out for taxes but he may owe at the end of the year.
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Your accountant needs the information that you are married. Your CPA really needs to go over your situation and advise you. You can save a lot on taxes by being smart and you can pay an enormous amount extra fy not knowing what you are doing.
Here is a site with a little help.
http://www.taxguru.org/corps/s...
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Here is a site with a little help.
http://www.taxguru.org/corps/s...
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Answer Date: 01:15am 08/21/08
Best Answer Comments from Asker: ann27
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thanks the website you gave was very helpful |
