Accountant Suggests S-Corp
For 2003 and 2004, I filed as a rec player; Tax preparers knew little more than me.
Now I have an accountant and he suggests an S-Corp. He seems very solid and comes recommended but has no gamblers amongst his clients. Thus I will probably go with his idea, but would like to hear from pros out there who have good accountants/attorneys and have gone thru process, etc.
1. What incorporation method, if any, do you use?
2. When the S-Corp form says 'Primary purpose of corporation' what did you put? I don't know if i want "gambler" stated on the form as there arent a lot professional gambling corporations in the arkansas/oklahoma area. Maybe 'Gaming' or ???
3. Have you been audited since doing this?
4. Any thing else???
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