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Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-think-taxwise-switching-to-a-scorp-is-only-11153532.aspx

Subject:  Re: subchapter s Date:  8/15/1999  12:57 AM
Author:  edcosoft Number:  18175 of 121169

I Think, taxwise, switching to a SCorp is only going to require you to pay SS taxes each quarter, and withhold taxes on your wages, another prepayment. Might as will invest them to pay in April as you're doing now. Since a SCorp is a direct passthrough to you of all profits (after paying yourself the salary, and depositing the withholding and SS taxes) I don't see any advantage, and plenty of prepaying of taxes disadvantage. Ed
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