I am currently a sole propietor and I believe an s-corp would save me a fair amount of tax. The question is is there any way to still elect to be taxed as an S-corp for 2016? I know there is a process for late election, but the question is am I a qualifying entity? I have an EIN but am not an LLC or anything official.
Easiest for me seems to be an LLC taxed as an S-corp, but wondering if that is still possible to achieve for 2016?
Easiest for me seems to be an LLC taxed as an S-corp, but wondering if that is still possible to achieve for 2016?
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