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  1. J

    When does it make financial sense for you to file taxes as an S corporation? Here's the math. (super long post)

    @algneral You'd have to ask the IRS. But it was just an example. Your reasonable salary should be inline with the market
  2. J

    When does it make financial sense for you to file taxes as an S corporation? Here's the math. (super long post)

    @duskborn Sure. A reasonable salary need to be reasonable. It need to be online with what be others are making. You could make an argument that you could pay a in plumber 50k to do your job. But th average Dr makes like 250k. If you tell the IRS you're a Dr and your reasonable salary is 150k...
  3. J

    When does it make financial sense for you to file taxes as an S corporation? Here's the math. (super long post)

    @sherwood As an accountant I can day you did a wonderful job here. I will say that while 70k may be a good rate to think about switching it really depends on your business and what's reasonable. A plumber with a salary of 50k could be reasonable while a doctor with a salary of 150k would not be.
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