Quote:
Originally Posted by Barefootsies
Exactly.
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I spoke to my accountant, he says the IRS is auditing the peeps with s corps because they are trying to circumvent the selfemployment tax (he said mainly the realtors in california has been doing s corps for this reason). One way to avoid the issue is to way yourself a nominal monthly wage for being an officer of the company (and pay selfemployment tax on that amount).