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Business & farm
Are you aware of the additional expenses, work and requirements for being taxed as a S-corporation?
Although you only provided limited information about what you are trying to do, being taxed as a S-corporation sounds like it COULD be the worst possible tax result.
NEVER choose to be taxed as a S-corporation without sitting down with a GOOD tax professional to determine if that is your best option. In MANY cases it is NOT a good option. So please schedule an appointment with a good tax professional so they can analyze your specific situation to help you determine the best outcome for you.
‎January 5, 2022
9:21 AM
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