Could someone give me some info about S-corps I am going to be wholesaling propertiesin 15 different states from a fee of 2k-15k. I would like to have some info about taxes and how would I pay myself and how much do I have to deduct and what can i claim
Your questions are of the “Define the universe” type. These are best addressed by your own CPA.
Why dont u just start in your state, and when you understand the process, start expanding state by state. Then have your cpa find out if your corp can work in that state or not. You might need to create 1 just for that state. Just thinking out loud!!
steve
Hi,
An S-Corp is the simplest of all corporate structures.
Your taxes are handled much the way your personal taxes are handled.
All un-written off tax deductions are taxed at the ordinary tax rate.
Since you are not going to have employees you can choose to pay yourself a salary or use the income as your income.
It is generally wiser for you to pay yourself a salary and pay all of your personal expenses from your salary and all your business expenses from the business to keep it separate for a simpler filing but it is not comingling when you are the company.
As for Registering in each state… That may not be necessary.
I own a commercial lending business here in Florida and do business in all 50 states and I am only registered as a corporation here in Florida.
I am not aware of any conflicting laws related to wholesaling of properties that differs from the normal structure.
But then again, I am not an accountant. You might be wise to speak to an accountant on that, but you can ge the same info for free by just calling your state office and asking them.
Or you can join PPA (Pre Paid Accoutanting sesrvices) lol. that’s just a joke. Sorry TRandle if you’re looking 
Just couldn;t resist that one.
Jeff