I have a new small rental business with liability that I have structured under my S-Corp (taxed as LLC). My LLC and my S-Corp both have separate bank accounts. How should I pass on revenue to the S-Corp. Is it acceptable to transfer all profit from my LLC to my S-Corp, to issue salary and shareholder distributions from the S-Corp and avoid self employment tax, as intended when I set this up? Thanks!
Thank you for the question. We answered this on our show Ep. 445. Thank you so much!! Mark