Your S corporation may not give you the tax-free fringe benefits you desire.
In the good old days, the S corporation avoided double taxation, reduced self-employment taxes, and also gave you all the fringe benefits.
The good old days are long gone (since 1982).
When the S corporation is your 2011 business entity of choice, you give up some fringe benefits for this entity choice.
Two Questions to Ask
How much does this giveback cost you in after-tax dollars? That’s a question that you need to consider. In this article, we give you the single best route to finding this answer.
Second, what is the best way for you and the S corporation to deal with this giveback of fringe benefits? That depends. This article gives you ... Log in to view full article.