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3 Tax Basics For Online Entrepreneurs with Joshua Thompson
Season 1
Episode 31
Published 1 year, 8 months ago
Description
Key points:
- Understanding Nexus: Learn when you're subject to taxes in different states
- 1099-K reporting: New $5,000 threshold and potential double-counting issues
- LLC vs S-Corp: Pros, cons, and when to consider switching
Joshua's rule of thumb: Consider S-Corp at $80,000 net income
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