01-24-2007, 04:45 PM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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Quote:
Originally Posted by JP-pornshooter
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).
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Enough Said. 
"Would you rather live like a king for a year or like a prince forever?"
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