S-Corps have two types of income. Income subject to FICA taxes (Paycheck Income) and Income that is not subject to FICA tax (Distribution Income). An S-Corp allows CRNAs to take some of their 1099 income as distribution which is not subject to the FICA tax double taxation. If you have question on how to setup an S-Corp and ensure that you are compliant with regards to reasonable compensation regulations, tax filing requirements, and many other items. Contact Us and let us help get you started!
How an S-Corp Saves Taxes for CRNAs
December 08, 2018