My new CPA says I should file as a corporation???

[kahntrutahn]

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..........

[DEAD ON IMPACT]

kahntrutahn..do you pay your taxes quartely or just once a year?

[kahntrutahn]

[ QUOTE ]
kahntrutahn..do you pay your taxes quartely or just once a year?

[/ QUOTE ]

Yearly, and I pay penalties. But I want to be liquid, so its alright. This is done at the advice of my CPA as well. The money has other, better uses.