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Old 11-16-2007, 01:46 AM
kahntrutahn kahntrutahn is offline
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Join Date: May 2005
Location: Inundated with Idiocy
Posts: 1,080
Default Re: My new CPA says I should file as a corporation???

I file under an s-corp and I pay myself 6 figures as CEO + a fat yearly bonus. My CPA tells me its pretty important to pay more than 6 figures so that I pay full medicare taxes and some other stuff... this makes the IRS happy b/c most people try to circumvent these taxes by paying a paltry salary... which is cheating and a red flag.

Pay yourself a proper salary is the point..........
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