Partners should not be on the payroll as opposed to s-corp shareholders having to be paid reasonable compensation. So, as of the date you acquired equity in the...
You have to apply for S-corp status on form 2553. The IRS will eventually acknowledge your election by letter or reject it. Don't hold your breath waiting for a...
A few observations on your situation:
1. Since you are a single member LLC you have the option to file as a sole proprietor on your personal return rather than ...
I want to add that the same would apply to an S-corp as long as the non-discrimination rules are followed. Since it's just you and your husband the rules apply ...
