Forming an S corporation to save on self-employment taxes is a great idea.
BUT …
If you earn income and assign it to your corporation, Uncle Sam will crush you like a bug!
Want to stay uncrushed?
We’ll show you the right way your S corporation can save on taxes when you read my new article titled Tax Tips: Don’t Get Crushed by Assigning Income to Your S Corporation.
Three ways our fact-filled article can help you:
- You’ll learn what the tax law has to say about the assignment of income. They’re very clear about this. If you earn income as an individual, that income is taxable to Endorsing the checks to your corporation can get you in trouble fast. All will be explained when you read the full article.
- We’ll tell you about Mr. Owen’s nightmare. His story is instructive and scary. By assigning his income incorrectly, the court came down on him hard. Squish! If you want an outcome better than Mr. Owen’s, don’t wait. Read the full article.
- We’ll explain how to avoid a tax disaster. There are three rules you’ll need to follow if you want to stay out of trouble. They’re straightforward and easy to understand as you’ll discover when you read the full article.