@gmc2287 wrote:
I want to transfer over to an S Corp because I would like to have my business taxes and personal tax separate from one another.
The S-corporation income ends up on your personal tax return anyways, so that is not a reason to have a S-corporation.
PLEASE sit down with a local tax professional that can analyze you ENTIRE situation to determine the best option for you. In addition to the amount of taxes, be sure the tax professional tells you all of the additional work and expenses associated with a corporation.
