@John UnderwoodThe de minimis safe harbor election has you expense amounts up to $2500 per invoice or per item.

If you do not wish to accept the default classification of partnership, you can:File Form 8832 (Entity Classification Election) to elect corporate status, orFile Form 2553 (Election by a Small Business Corporation) to elect S corporation status.If you need to change your type of structure, we recommend that you do so now, otherwise you will have to start over and re-enter your information.

I hope Governor Noem runs for President some day.

@Jeremy ClendeninIt is not clear in your paragraph what streams of income you have at the moment where your "tax guy" can allow you different ways to show it.You may be eligible to make elections that allow you to capitalize expenses instead of writing it off in the current year.

also if you get over 100 investors no matter how small and you have compliant audited financials for shareholders as required you can elect to become a REIT then you qualified to have people invest 401 K money from approved Banks and Credit Unions Retirement accounts.

@Timothy KeyIf it is a single member LLC, by default it is considered a disregarded entityIf is it a multi-member LLC, by default it is taxed as a partnership.Speak with your accountant to see if you want it taxed as a corporation.Again speak with your accountant to see if makes sense to make the election to be taxed as an C-corporation.

I'm thinking about electing S-Corp next year, but I'm worried it will cause a problem due to my "salary" being lower. 

Originally, the HOA president and my neighbor had no problem with me airbnbing my property until I move in.

She had pictures posing with many Presidents, Governors, Senators, and media stars, nice antique furnishings, and plenty of money.

District Court Judge Dabney Friedrich, who was appointed in 2017 by former President Donald Trump, said the Centers for Disease Control and Prevention didn’t have the authority to stop landlords from evicting their tenants.But within hours, the Department of Justice said it would appeal and sought a stay of the decision, meaning the ban would remain in effect throughout the court battle.For now, the judge has granted a temporary stay, meaning renters can breathe a small sigh of relief.