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S Corp 2018

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  • S Corp 2018

    Hello all. Hope all is well. Seeing the tax change in 2018 , would you recommend s Corp moving forward. I am on w2 and my wife on 1099 working part time. Would you recommend opening s Corp for her and if yes what is the best way to do it. Do you do it yourself or do it with advisor or lawyer. Thanks.

  • #2
    Unless your wife earns a minimum of $300k - $350k/yr, I don't recommend the s-corp.
    Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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    • #3
      Your wife would be eligible to receive the 20% pass through deduction as is. There is no need to become a S Corp.

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