[carlo]

You can't hide anything in an S Corporation--at the end of the year all the earnings have to be passed out to the stockholders(you) giving the Subchapter S Corporation a net of Zero earnings.
The Subchapter S Corporation can be used to protect an individual with assets which will be shielded from lawsuits resulting from activities of the Corporation.
Example, the corporation sells bad tomatoes and John J. ends up in the hospital or worse. John J. sues the corporation but the president(Peter P.), who has assets of 20 million would be protected by this corporate shield ala the tobacco companies.
I don't see the value for you and in fact you will only have more difficulties and expenses with the corporate set-up which includes yearly stockholders meetings.You're not selling tomatoes and the only suit you may have is flipping a casino chip in someones eye, in which case your insurance agent can sell you personal liability insurance.

regards,
carlo