RE: Private practice taxes

[Guest guest]

Forgive my ignorance, but are you allowed to be an LLC and file as an

S-corp? It seems to me that if you are an LLC, you would have to file as

a LLC.

Ken , PT

Body One Physical Therapy

7855 South Emerson Ave,

Suite W

Indianapolis, IN 46237

P;

F:

From: PTManager [mailto:PTManager ] On

Behalf Of Kai Pedersen

Sent: Thursday, April 19, 2012 2:48 PM

To: PTManager

Subject: RE: Private practice taxes

Another option is to remain an LLC and file as an S corp. My accountant

recommended I do this and it saved significant taxes.

Kai Pedersen PT

South Mountain Physical Therapy, LLC

_____

From: PTManager <mailto:PTManager%40yahoogroups.com>

[mailto:PTManager <mailto:PTManager%40yahoogroups.com> ]

On Behalf

Of Hollier, PT

Sent: Wednesday, April 18, 2012 4:55 PM

To: PTManager <mailto:PTManager%40yahoogroups.com>

Subject: Fw: Private practice taxes

Private practice taxes

I have a question for those that own their own private practice. I am

dealing with the repercussions of taxes related to owning my own

business. I

have received different advice re benefits of remaining a PLLC (which is

how

I set myself up) vs going to an S-corp. I was wondering if anyone minded

giving me feedback re what setup has been best for them re minimizing

taxes

(esp the self employment taxes).

I appreciate any advice/info. anyone might have.

Thanks

Duerler MPT

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