Category: Tax

Explain to me (in words) under what circumstances it would be better (lower taxes overall) for a Shareholder to do business as an S corporation shareholder rather than as a Member of an LLC (taxed as a partnership.)  For this Option, assume that the cost of running payroll and filing payroll related returns will cost $8,000.   For this option, please provide support for any assertions that you make.  For example, if you write that, “Elephants are larger than tigers”, you need to say more about that.  For example, “The average weight of an Asian elephant is 8,800 pounds whereas the average weight of an African Bush elephant is 13,000 pounds.  The average weight of a male tiger ranges from 200 to 680 pounds.   It is not easy to do a side by side comparison of an elephant and a tiger because elephants generally do not like tigers.  As a result of this limitation, it is necessary to gather and record data related to elephants and to gather and record data related to tigers and then to compare the data related to the two types of mammals.  Although this is not an actual side by side comparison of the elephant and the tiger, comparing the data about the two types of mammals yields an accurate conclusion about their relative size
Please add calculations to it. Also don’t use chatgpt

I need help with a midterm, I don’t have the questions yet but will have them later. I need someone that can help me real time