W2 or C2C on own LLC

[Venkatlukky]

frnds 

W2 meeda vere employer ki work cheyatam or work on C2C with own LLC ,

please share which is good ; gc unte

[TriStateBabu]

bump

[HugoStrange]

Naku last project lo tella friends eddaru chepparu, always w2 is better than 1092. Tax paranga better ani chepparu on w2. 

[sreenidhee]

2 minutes ago, HugoStrange said:

Naku last project lo tella friends eddaru chepparu, always w2 is better than 1092. Tax paranga better ani chepparu on w2. 

1099 you mean?

w2 ayithe taxes employer deduct chesi istaadu

1099 ayithe deduct cheyakunda istaadu so nuve pay chesukovaali

anthe kada

[HugoStrange]

1 hour ago, sreenidhee said:

1099 you mean?

w2 ayithe taxes employer deduct chesi istaadu

1099 ayithe deduct cheyakunda istaadu so nuve pay chesukovaali

anthe kada

yes 1099, Vallu aa 2 types chesi vallu aa opinion chepparu. No idea about how it actually works

[Captain_nd_Coke]

1099 toh problem enti ante self emp tax kinda 15.3 % extra kattali in addition to fed standard 20 and state 6%

Llc single person kuda same

[PhillyDotNetGuy]

1 hour ago, Captain_nd_Coke said:

1099 toh problem enti ante self emp tax kinda 15.3 % extra kattali in addition to fed standard 20 and state 6%

Llc single person kuda same

What about social sec taxes and Medicare taxes?

[PhillyDotNetGuy]

1 hour ago, Captain_nd_Coke said:

1099 toh problem enti ante self emp tax kinda 15.3 % extra kattali in addition to fed standard 20 and state 6%

Llc single person kuda same

I don’t think there will be 15.3 self employment tax. On 1040 you just report this additional income and it will calculate taxes 

[Pirate_of_hearts]

H1 meda llc open cheyocha?

 

i know payroll run avoddu ani but llc register cheyocha?

[Captain_nd_Coke]

45 minutes ago, PhillyDotNetGuy said:

I don’t think there will be 15.3 self employment tax. On 1040 you just report this additional income and it will calculate taxes 

Ya i meant that is for single person llc Corp.

[PhillyDotNetGuy]

11 hours ago, Captain_nd_Coke said:

Ya i meant that is for single person llc Corp.

please clarify. single person llc ki owners draw teesukunte tax entha padutundi? Also, irs ki S-corp filing emanna cheyala?

[Captain_nd_Coke]

1 hour ago, PhillyDotNetGuy said:

please clarify. single person llc ki owners draw teesukunte tax entha padutundi? Also, irs ki S-corp filing emanna cheyala?

Better to talk with your cpa.

[lddaritho]

22 hours ago, Venkatlukky said:

frnds 

W2 meeda vere employer ki work cheyatam or work on C2C with own LLC ,

please share which is good ; gc unte

1099 anytime 

[Beerboob123]

20 hours ago, TriStateBabu said:

bump

Dump

[Beerboob123]

11 minutes ago, lddaritho said:

1099 anytime 

ok