IRS Form 7203 One Shareholder One Share - Search Videos

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Most people—and even your CPA—get this wrong. 😬 If you’re an S corp shareholder, the IRS says you must take an “ample salary.” But what is ample? Too many CPAs play it safe and tell you to take way more salary than needed, which means one thing: 💸 More FICA taxes. More money lost. Here’s the truth: You’re allowed to split your compensation between a reasonable salary and distributions (which are not subject to FICA). 👀 So if your CPA hasn’t brought that up—or is making you take too much salar

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