Quote:
Originally Posted by JP-pornshooter
you can do it this way, and it is actually the recommended way.
open an "S" corp, set yourself up as an employee with a fixed monthly salary...
i am in california, my accountant recommended doing it this way as the IRS frays upon doing a straight S corp since it is/was a way for many realtors to avoid paying in payroll taxes.
the profits from an S corp goes into your pocket and you pay income tax on the profit, but not payroll tax (such as social seurity, unemployment etc).
|
but can you back date this tho? meaning, can i go back and pay myself from 2009 or does it have to start at a certain date?