Dental S-Corporation Questions

I just formed an S -Corp from Sole P….what can I write off in taxes from one and not from another? EX: health insurances, Dis ins, MP ins. In S-cop, I am an employee now, what can I give myself in benefits (ex. health Ins, dis. ins, MP ins) and still tax write off? Do … Continued →

How Will Dentist Be Taxed?

W-2 income gets taxed with Medicaid/Medicare, SS, and Income. Simple IRA contribution gets taxed with Medicaid/Medicare and SS Distributions for an S-Corp gets taxed with Income only….. Is it safe to say the average dentist makes 120K/year, therefore anything above that should be paid as a distribution? For example if I take home 200K, I … Continued →