How to Save Taxes with an S-Corporation What Most Business Owners Don’t Know
Everyone has heard the rule of thumb. Elect S-Corporation status once your profit hits a certain number. The problem is nobody can agree on what that number is, and the IRS does not care about your rule of thumb. We break down how the S-Corporation election actually works, why it saves taxes, when it does not, and what a real optimized strategy looks like using two real client tax plans with real numbers.