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Taxation of Subchapter S-Corporations

Updated: Feb 2, 2021

The government has allowed for a reduction in self-employment (FICA) taxes for those who choose the s-corp entity structure. This type of structure is available to US persons and can have up to 100 shareholders. Most states allow the s-corp structure.

The tax savings can be quite significant. However, there are unique challenges associated with this structure. Examples below:

  • The IRS frequently requires payroll

  • Non-US persons cannot be shareholders

  • Some states have an additional tax on s-corps

Whether you are interested in tax optimization consulting (planning) or whether you need your returns filed, feel free to contact us at any time.

Costs vary depending on the specifics of your business, so please provide some context when you reach out.

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