As of March 1, 2019, the IRS received approximately 59.2 million tax returns. Of those over a million Americans fail to file a tax return every year. By not filing, many of these people risk losing any refund they're owed, which averages more than $600, according to Internal Revenue Service estimates. The forgotten tax filing for a lot of self - employed individuals is corporate taxes. The Danso Financial Team is joined by this week's entrepreneur and guest-speaker real estate and accounting specialist Jerrell Thompson Founder of Thompson Tax L.L.C. Jerrell helps to break down in this weeks episode tax structure within a business, the difference between being an employee vs a business owner as it pertains to taxation, and the common question that has been hovering over many individuals heads how did Amazon pay $0 in taxes last year and if it's really true? We often hear about business owner's profiting from tax breaks through adjustments, and the key question many startup businesses ask what is the difference between as S-Corp and C-Corp and how does that effect their tax filings? All these questions and many more are covered in this weeks episode . We suggest getting a pen and pad ready for this episode as there is a lot of valuable information covered that can help in your tax filing needs and questions.

We want your opinion! Review this episode and send any questions to the Danso Financial team directly at [email protected]. You could be featured on a future podcast episode! Our guest speaker Jerrell Thompson both an accountant and real-estate personnel can be contacted at [email protected] or via phone (908)-917-5189.