I am hoping to begin payroll as an S-Corp for next month (August). Prior to that, from Jan-July, my income was earned as a sole proprietor. I spoke with an accountant who said that income (from Jan-July) would would be shown as Nominee income (earned by me on behalf of the s-corp) and not be subject to self-employment tax. That sounds great.
First question: Does this sound legitimate?
Second question: Would this require my S-Corp to have an effective date of 1/2/2023 to work?
