I'm trying to understand the tax difference between my LLC and S-corp?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The tax difference between an LLC and an S-corp often comes down to how the business is taxed and how owner income is reported, rather than the legal entity name alone. In many cases, an LLC can be taxed in different ways depending on how it is set up, while an S-corp is a tax election with its own  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.