You might be overpaying yourself in taxes.
If your business is profitable and still taxed as an LLC or sole proprietor, an S-corp election can cut the self-employment tax you pay. Move the slider to see a rough estimate.
- ✓Run by an IRS Enrolled Agent, licensed to represent taxpayers before the IRS.
- ✓A real 15-minute analysis of your actual numbers, no obligation.
- ✓Works remotely with owners across the US.
Estimate
What could an S-corp election save you?
The IRS requires a reasonable salary, often 40 to 60 percent of profit for service businesses.
Estimated potential savings / year
$8,790
vs. staying taxed as a sole proprietor or standard LLC.
How it works
Three steps, no obligation.
Estimate
Use the calculator to see roughly what an S-corp election might save you this year.
Free 15-minute analysis
We look at your actual numbers together and give you a real figure, plus whether an S-corp fits.
We handle the filing
If it makes sense we set up the election, payroll and filings. If it does not, we tell you straight.
Why trust this
A licensed professional, not a lead form.
Sam Desai is an IRS Enrolled Agent at Libre Tax Resolution. Enrolled Agents are federally licensed to prepare taxes and represent clients before the IRS. We work with profitable service businesses, agencies, e-commerce sellers and foreign-owned US LLCs across the country.
The estimate is a starting point. Your real savings depend on your income, entity, state and a reasonable-salary analysis. That is exactly what the free call is for.