Thursday Mar 07, 2024

85 \\ The S Corp Election: Is Your LLC in IRS Compliance?

Are you thinking about making your LLC an S Corp? This episode is just what you need! We're unpacking all the must-know details about S Corp elections, how to stay on the IRS's good side, and what to do if you find out you've missed a step. If you're in a community property state, we've got a hot tip that could save you from tax troubles.

Plus, we'll chat about what happens if you've elected S Corp status in the past without crossing all the 't's. Don't worry, we'll guide you through the fix-it steps. So, grab a seat and let’s get your S Corp knowledge up to speed! Share this with a buddy who could use some tax tips too. Thanks for tuning in, and let's dive in! 🚀

 

Next Steps:

☎️ Find out how much you're overpaying in taxes every year!  Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

📧 Contact Me --> hello@phillipsbusinessgroup.com 

📲 Follow me on IG @ the.tiffany.p.cpa

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