Tax Strategy, CFO Insights & NIL Finance for Founders and Athletes

Most business owners miss their biggest tax savings because they wait until filing season to think about taxes. By then the year is over and the decisions are made. Real tax strategy happens through entity structure, retirement contributions, income timing, and clean books throughout the year, not after the fact.

Missing the S-Corp election deadline does not mean losing the tax benefits. Under IRS Rev. Proc. 2013-30, most businesses can file a late Form 2553 and have their election treated as if it was made on time. Here is exactly how to qualify, what to file, and how to avoid the mistakes that disqualify relief.