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S-Corporation Reality Check

S-Corporation Reality Check

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Jeremy dives deep into the critical red flags that should make tax professionals pump the brakes on S-corporation elections. From balance sheet debt ratios that could trigger unexpected taxable events to operating agreement provisions that can inadvertently terminate S-elections, this episode challenges the "default to S-corp" mentality that's become prevalent in tax advisory circles. Jeremy breaks down the specific scenarios where partnerships or sole proprietorships actually serve business owners better than the often-hyped S-corporation structure.

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https://www.linkedin.com/in/jwellstax
https://www.steadfastbookkeeping.com

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https://www.youtube.com/@TaxinAction

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This podcast is a production of the Earmark Media

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