Same work, 15–25% more take-home via S-Corp structure.
Negotiate with your employer to be reclassified as a 1099 contractor (typically requires 15–25% pay bump to offset employer taxes you now cover). Form an S-Corp, pay yourself reasonable salary + distributions. Unlocks: home office, vehicle, health insurance, Solo 401(k) ($69k/yr), QBI 20% deduction, SE-tax savings on distributions. Requires legitimate independent-contractor status (IRS 20-factor test).
Click Generate advisory deep dive for mechanics, IRC citations, a step-by-step execution plan, a worked numeric example on your profile, costs, risks, and this-week actions.
Front-load depreciation on real estate to slash current-year taxes.
Turn W-2 income into tax-free passive rental losses.
Defer capital gains indefinitely by rolling into bigger real estate.
Defer + eliminate capital gains via OZ funds.
Rent your home to your business up to 14 days/year — tax-free.
Deduct 20% of pass-through business income.
Slash self-employment tax on profits above ~$50K.
Expense equipment, vehicles, and property in year one.