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Video instructions and help with filling out and completing Where Form 8453 S Entities

Instructions and Help about Where Form 8453 S Entities

So I heard a couple of people here say that you're either in a counseling industry or doing something health-related or professional services but they're often times that the law will say if your business involves a certain type of activity normally healthcare normally you know providing high level professional services we are going to require you to organize as a certain way for example if I you know if I wanted to go out and start you know start my own practice or start you know op i would have to organize as a pllc you know professional limited liability company as opposed or you know a partnership or some other recognized form for that profession that I'm going into the other thing to keep in mind is that there there are different tax and financial implications associated with various entity types I'm not going to get into much detail on that because a lot of that has to do with your own personal financial situation and what makes the most sense for you but the one thing that you know the one example the one thing that's really this is the last time I'll do this the one thing that's really important here is the distinction between like an LLC or what's known as a flow-through or pass-through entity and a corporation as it relates to this whole question of tax or double taxation right so let's take this let's take this example normally you have let's say you form an LLC right that LLC's out to making money everything's going well right at the end of the year when you get ready to file your tax return the LLC if you've done your your elections and done what you need to do all of the money that...

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