Re: Accountant Suggests S-Corp
Unfortunatly, the S Corp rules are not designed to save you on Self Employment Taxes.
There is a "Fair Wage" concept. What should a pro poker player of your skill make? While I don't know the answer, it is likely more than $20k if the S Corp has income of $50k. The IRS will probably look at the gross margin of the S Corp and make a determination from there.
If you do this S corp with low wages, you really need to understand the risk. The accountant should have explained this to you.
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