Quote:
Originally Posted by Bigshot69
Based on what I've read this would seem to be where the legislation in Washington is headed. That said, after reading several articles I'm unsure how sole props, LLCs (Sole Member), and 1065 partnerships would be impacted? Perhaps maybe there is a CPA on here who would kindly provide their $.02?
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My CPA has for years has encouraged me to take this route....my wife has been looking for job opportunities out of state for years also, so I have been reluctant to shell out for the initial cost to set up in my state and then relocate soon after. Each year my CPA lets me know how much I could have saved as an s-corp versus a sole proprietorship and this year it would been about half of what I owed.
To tie this back to the theme of the thread, at some point down the road (hopefully a long time) before I begin to sell off my collection, this is the route I intend to take(if all the current legislation is still in place).