As Ben Rucker explains in detail at http://www.llcwizard.com/tell-the-irs-how-to-tax-you, one of the formalities you absolutely have to follow in your company is getting your EIN and electing what type of tax structure your business will have.
The handsome
man pictured at right is my associate Ben Rucker. He worked for 7 years as a special auditor for the IRS and is now helping clients structure their day-to-day business in a way to maximize their tax savings and minimize any audit risk. He is so confident in his advice that he will represent them in any audit with the IRS for free. One client who came to him last year saved tens of thousands of dollars in fees because of Ben's in-depth knowledge of the IRS.
How you
choose to structure your business and what election you make for how to tax it can make a big difference in your real bottom line.
P.S. Ben helped me expand my
Advanced Tax Tactics 2.0 with information on how to avoid audits and an
in-depth explanation of the different taxation options available to your company, including what factors you should consider in making your decision. Definitely check it out if you don't have it yet.
