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I'm not a tax expert or anything, but I can't see what you gain my incorporating. My understanding was that corporations are subject to double taxation, i.e., the corporation is taxed on earnings, and the income drawn from the corporation is taxed as income tax. I might be wrong about that though.
The main goal is to save money on self-employment taxes.
This doesn't really work. S-corps are for businesses where there are appropriate pay scales. For example, if you owned a dry cleaning business, you could pay yourself 60K/year because that is what a dry cleaning manager would make roughly. So if your business made 100K, you can shield 40K from self-employment taxes.
That doesn't work for poker because you can't go and get hired at a fair wage. There is no industry standard. I believe the IRS frowns on people incorporating as an S corp and paying themselves a salary well under the total income of the corp in situations like these. This is ahy pro athletes can't incorporate and pay themselves 100K when they earn millions.
I'm no expert, just sharing what I've learned.
Krishan