Everyone, thank you so much for helping clarify my confusion. I had quite a few misconceptions and poorly understood ideas which your feedback and suggestion he...
@Mike9241Social security taxes are caped and already maxed out through my W2 income. Hence, the LLC-B and resulting W2 from it DOES NOT have to pay social secur...
@VolvoGirlMany thanks for your response.You are right I did create some confusion.Lets see if I can clarify:S-corp receives management fees --> issues W2 to me ...
@M-MTaxThank you for your kind response. I will keep this mind.However, $47K is justifiable management fees. I am going to get a service quote from some of the ...
