Taxpayer's Comprehensive Guide To Llcs And S Corps Reviews


WCG and Jason Watson, CPA, have released the 2021-2022 Edition of Taxpayer’s Comprehensive Guide to LLCs and S Corps. 430 pages of pure pleasure! This edition has updated 2021 data such as IRA and 401k limits including Social Security wage limits, but it also has a bunch of new information spread out various chapters such as customized multi-entity structures, expanded reasonable shareholder salary sections, more tax reduction mechanics among various little tidbits gleaned from hundreds of small business consultations. Riveting!

We have several examples showing how the Section 199A works, why S corporations remain a great tool for tax savings and why reverting to a C corporation is a bad idea. We also discuss entity formation, S Corp elections, reasonable shareholder salary and business tax deductions. Frankly the Section 199A stuff is only about 40 pages of the material… the rest is good ol’ fashion business stuff!

It is available in paperback for $59.95 from Amazon and as an eBook for Kindle for $49.95. Our book is also available for purchase as a PDF from ClickBank for $39.95. Why do we all love 95 cents? We all know that 39.95 is really 40 bucks. At least we are not like gas stations… $39.949. Silly! Yet we digress. Apple iBook, Barnes and Noble Nook, among others are not utilized since their format is challenging to make mini updates here and there.

Before you spend your money, we encourage you to review the highlights below and download a sample of Taxpayer’s Comprehensive Guide to LLCs and S Corps by using the following button, or the electronic yet full version from our KnowledgeBase-


But if you saying to yourself, “Self, just get the darn book and start taking care of business” then click on one of the buttons below-

Here are some testimonials to make you feel better (of course we only picked the good ones… just like referrals)-

Ronny R. says, “I enjoyed it! Gave me lots to talk about with my CPA.

Britt S., Esq. says, “Thank you so much for speaking with me last week! You are amazing and I greatly appreciate all of the information you emailed me. I am in complete adoration of your book!”

Lisa A. says, “Detailed information about the pros and cons of creating a small business. Lots of great detail about the tax benefits and consequences. NOT a ‘dummies’ book – it assumes you already have some background knowledge.

Brett B. says, “I read your ‘Comprehensive S Corp’ book. Wow. You blew my mind. I thought I understood S Corps.”

Larry M. says, “I found it helpful, but could have gone into a little more detail. There is one main way to save money as an s corp, and how to determine ‘how much you can get away with’ could have been expanded on a bit more. Otherwise, pretty good guide.

M.S. says, “Great read for first time self-employed corp owners. Covers all the main basic of taxes and caveats. Well written and simple to understand for those not well versed in tax law.

If you buy our 430-page book and think that we didn’t help you understand small business tax law or the benefits of S corporations, let us know. We never want you to feel like you wasted your money. If you are ready to add some insightful reading into your day, click on one of the preferred formats. Amazon is processed by Amazon, and the PDF is safely processed by ClickBank who will email you the PDF as an attachment.

Avoid Self-Employment Taxes

How can I avoid self-employment taxes? This simple question was the inspiration for creating an article describing the benefits of an S Corporation. That original article, which was about four pages long, quickly became a series of KnowledgeBase articles on the WCG website. The articles touched on basic topics such as how to elect S Corp status, shareholder payroll, reasonable salary determination and liability protection. Those broad topics demanded much more information, both horizontally by spanning into more related issues, and vertically by digging deeper into the granular yet riveting levels of the tax code. Beyond general S Corp benefits, our 2021-2022 edition of this book will show you-

  • Entity Structures and Custom Multi-Entity Arrangements for Tax Efficiency
  • Deal Structures, Operating Agreements
  • The Fallacy of Nevada Corps
  • State Taxes, Nexus, FBA Problems, and Liability
  • S Corp Benefits, Tax Savings
  • Avoiding Self-Employment Taxes
  • The 185 Reasons an S Corp or LLC Might Stink
  • Forming and Operating an S Corp
  • Late S Corp Election
  • Determining Reasonable S Corp Shareholder Salary
  • Section 199A Business Tax Deduction
  • Tax Deductions, Fringe Benefits, Kids on Payroll and Cars
  • Properly Paying for Health Insurance
  • Small Business Retirement Planning with Your Small Business

Each week we receive several phone calls and emails from small business owners and other CPAs across the country who have read our Taxpayer’s Comprehensive Guide to LLCs and S Corps and praised the wealth of information. Regardless of your current situation, whether you are considering starting your own business or entertaining a contracting gig, or you are an experienced business owner, the contents of this book are for you.

This book is written with the general taxpayer in mind. Too many resources simply regurgitate complex tax code without explanation. While in some cases tax code and court opinions are duplicated verbatim because of precision of the words, this book strives to explain many technical concepts in layperson terms with some added humor and opinions. We believe you will find this book educational as well as amusing.

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