Technical topics regarding tax preparation.
16-Jan-2020 3:08pm
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- 182
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- 10-Dec-2014 1:52am
- Location:
- New York
My S corp clients is using his S Corp for side gigs. He has a regular job with W-2. His S corp income are sporadic. After two years working with them, they finally took my advice of notifying me whenever they receive income.
At the beginning of this year, he received $15K from a gig. Is he required to cut himself a paycheck with reasonable wages?
Can he wait till the end of first quarter or even the end of the year?
16-Jan-2020 3:14pm
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- 21-Apr-2014 9:31am
- Location:
- Western 'burbs of Chicago
As long as it's in the same year, you can do what you like...but once you start filing, you need to file quarterly forms.
16-Jan-2020 11:14pm
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- 24-Jan-2019 2:16pm
- Location:
- North Shore, Oahu
Is he going to have much for net profit?
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