TaxGuyBill
Level 15
10-09-2023
07:13 PM
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@HOPE2 wrote:
I think they better to switch S-corp.
Be careful about immediately recommending a S-corporation, especially if their wages/salary would be less than the Social Security maximum.
If their wages/salary will be less than the Social Security maximum, the client needs to know exactly how the S-corporation arrangement would affect their potential Social Security benefits. If you are not explaining that to the client, you should NOT be recommending a S-corporation.