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To: IVAXMAN
I'm in a similar position, but I'm an LLC with no full-time employees so I operate S a sole proprietorship instead of an S-Corp. I could convert to a S-Corp, but at this point it would be a needlessly complicated process because of the implications for my work as a licensed professional.

I don't benefit much from these tax changes, but I'm not complaining about it.

52 posted on 12/31/2017 4:40:46 PM PST by Alberta's Child ("Tell them to stand!" -- President Trump, 9/23/2017)
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To: Alberta's Child

Your llc can elect to be treated as an s Corp and pay you a salary for part of your income. The remaining income would be eligible for 20% deduction.


57 posted on 12/31/2017 5:02:26 PM PST by Raycpa
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