Best Real Estate Agent Tax Strategy: S Corporation for Self-Employment Tax Savings
“Annie Agent” works hard at selling her clients’ houses at the best prices and helping buyers find their dream home. Last year, she took home $150k, and this year, she is on target to exceed her goal of $200k. However, when Annie finished her tax return last year, she saw a gut-wrenching bill that was over $20,000! She is cringing thinking about how much she is going to owe this year. Learn how an S Corporation might help Annie to save money.