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After you file
@deeeee wrote:
.....I guess the question is the costs for keeping the S Corp elect vs sole prop and pay the SE tax?
You should be paying yourself a salary for the services you perform for your S corporation, anyway (which would entail paying social security/medicare tax (FICA)), so that probably shouldn't enter the equation to a great extent.
You would, of course, save on annual fees and the cost of preparing the 1120-S.
‎October 11, 2023
3:02 PM