Sub S Election

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  • Burke
    replied
    They can incorporate and elect Sub-S treatment via Form 2553. It doesn't mean they are going to avoid SE tax, because they then have to pay themselves a salary and file quarterly 941's on those payments. Many firms now require agents to organize as LLC's. Then they elect how it is to be treated for tax purposes. Associate brokers are treated same as agents for tax purposes. You should check Oregon state laws for rules for incorporation/LLC organization.
    Last edited by Burke; 10-12-2015, 05:07 PM.

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    • taxjungle
      started a topic Sub S Election

      Sub S Election

      Can a Real Estate Associate Broker elect to become a Sub S Corporation with the intention to reduce SE taxes as a Sole-Proprietor?
      I realize some occupations cannot become Sub S Corps. Can an Associate Real Estate Broker become a Sub S?
      Thank you for your advice.
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