How different are my taxes if I stay an LLC or elect S-corp status?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The tax difference between staying a single-member or multi-member LLC and electing S-corp status often comes down to how profits are reported, how owner pay is handled, and what payroll filings become part of the picture. An LLC taxed by default may keep income flowing through to the owner’s return For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.