Pros and Cons of an S-Corporation

S Corporations can get complicated - I reviewed some of the main items with business attorneys at a UT law conference. An S Corp is a business just like any other... but with some distinct tax advantages and disadvantages. In this video, a tax lawyer takes you through the basics of what an S Corp is and what are its benefits.
00:00 Intro
01:02 How to Elect an S Corp
02:05 Late S Corp Elections
03:09 S Corp Requirements
04:04 S Corp Eligibility
05:35 Tax Pros and Cons of S Corps
07:37 Popularity of S Corps
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ABOUT JASMINE DILUCCI, JD, CPA, EA
Jasmine DiLucci had specialized in tax since high school when she first became licensed to represent taxpayers before the IRS.
Now as a tax attorney and CPA, she works with individuals and business owners across the nation to resolve IRS tax issues, streamline accounting, and minimize tax for business owners.
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RESOURCES
IRS Notice: www.irs.gov/pub/irs-drop/n-22...
Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.
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