A Tax Strategy that Costs a Business Thousands of Dollars in Tax (AVOID THIS)

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ABOUT JASMINE DILUCCI, JD, CPA, EA
Jasmine DiLucci has 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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DISCLAIMER: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.
#taxstrategy #taxsavingtips #jasminedilucci

[@attorneybob]

The self employment tax rate isn't 15+%, it's about 14.1-ish percent after factoring the tax payer can deduct the employer's side as an expense. Also, the full $200k isn't subject to self employment tax. The other issues, especially potentially, the QBI is on point, albeit it depends on income

[@joeatch2]

It's unbelievable how many people have no idea what they're doing....

[@solutionsmanaged]

I enjoy listening to the audiobook Small Business Tax Made Simple. Would you suggest this book as a good source of tax information?