What is the name of your state?What is the name of your state?Florida
I am considering establishing an s-corp as I am an independant sales rep paid on 1099. My home base is Florida as is the Company I am a rep for. What I want to know is what types of deductions are allowed for the s-corp to pay prior to paying myself? Are things like vehicles such as my motorhome and tow vehicle which I use for home on the road and transportation as I travel to several distant areas of the country for work, my house, which I rent in Florida, utilities, fuel and rv park rents to mention a few ?
Also what other tax advantages are there?
Approximate annual income $90,000 if this matters in answering
I am considering establishing an s-corp as I am an independant sales rep paid on 1099. My home base is Florida as is the Company I am a rep for. What I want to know is what types of deductions are allowed for the s-corp to pay prior to paying myself? Are things like vehicles such as my motorhome and tow vehicle which I use for home on the road and transportation as I travel to several distant areas of the country for work, my house, which I rent in Florida, utilities, fuel and rv park rents to mention a few ?
Also what other tax advantages are there?
Approximate annual income $90,000 if this matters in answering