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Get your taxes done using TurboTax
I do have an eligible entity with an effective date of 06/22/2023.
The goal is of course to save of payroll tax earned during the 2023 tax year before starting my S-Corp. I have heard this strategy from 3 different accountants; two accounts used the term "nominee income" and one said that the income earned prior to forming the S-Corp would be labeled as "bonus" income on my S-Corp.
But I can't find any information about this using my own research.
‎July 21, 2023
10:34 AM