@m.vesey I am not an accountant, CPA, Tax Attorney or anything else that would qualify to anything close to an expert on this stuff. I am just another user exactly like you. Now like you, I too am self-employed but with my own single member LLC. While I am aware of some of the laws, rules and regulations concerning other types of business structures such as an S-Corp, I am by no means "qualified" to advise on it in a legal sense of the word. When it comes to S-Corps, there are a few facts that I "know", such as the requirement to take a minimum draw each year. But how that minimum is determined, I'm clueless.
Now TaxGuyBill is a retired CPA, accountant, or something like that I think. So he knows more about that S-Corp stuff than I do. But overall, I would go with the accountant you are paying for the advice, because that's someone you can possibly hold legally liable and financially culpable for the advice they give you. You don't have that sort of "cover" in this public user-to-user forum.
One thing you can do in this forum, is click on the screen name of any participant and read their profile. I don't think TGBill has a profile. But I do. For me, it will give you an idea of my experience and knowledge. But even then, that doesn't make me an expert on anything.
