This is my short summary of my opinion on USA elections and utilizing these elections to optimize and improve your life if you are discontented with USA and prefer to live elsewhere. Follow Social Media At: https://www.instagram.com/tylerjohnson2801/?hl=en To further support my channel and works: Paypal Donations: akriveiaholdings@gmail.com Transferwise Donations: investmentssocrates@gmail.com For Crypto Donation: https://www.binance.com/en/register?ref=40000390 Bitcoin donations-bc1qhaadwm0964hm0k0wv9qd9fjysdmr2hmeu2gt5h How To Get Coaching: Phone Coaching: https://clarity.fm/tylerjohnson2 Or: Contact via email Locals - https://vikingtravelers.locals.com ... https://www.youtube.com/watch?v=aMCQv4x8cKI

Forming an entity taxed as an S-Corp can save active business traders significant taxes. With an S-Corp, business traders solidify trader tax status, maximize employee-benefit deductions (such as health insurance and retirement plan deductions) and gain flexibility with a Section 475 election. Tax returns are simple An S-Corp tax return consolidates your trading activity on a pass-through tax return making life easier for you, your accountant and the IRS. Pass-through means there’s no federal tax on the entity level, which avoids double taxation in C-Corps. The S-Corp Form 1120-S reports trading gains, losses and expenses, including officer compensation and profit-sharing plan contributions. Better than a sole proprietorshipThe first tax benefit is business expense treatment (Section 162) rather than restricted investment expense treatment (Section 212). If the S-Corp qualifies for trader tax status, it has business expense treatment; otherwise it’s an investment company with investor tax status. The S-Corp tax return looks better than a sole proprietorship trading business Schedule C. The S-Corp shows all activity, whereas a Schedule C only shows business expenses — with trading gains reported on other tax forms — and that looks like a losing business to the IRS. Business expense treatment saves traders more than $5,000 per year in taxes vs. investment expense treatment. Sole proprietor business traders cannot have employee-benefit deductions in connection with trading gains. Plus, a sole proprietor cannot pay himself a salary or fee to generate self-employment income (SEI) or earned income, which is required for AGI deductions including health insurance and retirement plans. Those employee-benefit plans can save business traders between $3,000 to $17,000 or more per year if properly arranged with an S-Corp structure. Better than a partnership tax return Traders need an entity to financially engineer earned income for health and retirement plan deductions. The S-Corp is better than a partnership tax return for this. Partnership tax returns are inefficient for employee-benefit plan deductions. Partnership tax returns pass through expenses and net losses for income tax and self-employment income tax — the latter being a problem. The partnership pays a guaranteed payment or administration fee to the owner/trader to create SEI. But after the partnership passes through SEI losses, the net result is a low amount of SEI, which constricts a retirement plan contribution. It works differently with an S-Corp. The S-Corp pays the owner/trader compensation reported on a W-2. The S-Corp passes through expenses and losses for income tax purposes, but not for SEI tax purposes. Employee-benefit plan deductions are entirely based on the amount of W-2 ... https://www.youtube.com/watch?v=BDPUH6cirMc