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Posted on 4/30/13 at 9:59 pm to BARNEYSTINSON
Can someone mention the negatives to electing an s corp? My cpa says that you can never go back. He also mentioned more paper work and such. I take home about 140k, but my "salary" could be in the 80's. Saving me 15% on 60k?? Or is there a cap of 115k or something on employment taxes, so I would only save 15% on about 35k??
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