Ep10 | LLC vs. S-Corp vs. C-Corp: A CPA’s Guide to Choosing the Right Entity

In this expert-packed episode of Financially Fluent, host Ray Godleski welcomes CPA Josh Roper to demystify taxes for business owners, real estate investors, and high-income earners.From entity selection (LLC, S-Corp, C-Corp) to IRS audit triggers, home office deductions, bonus depreciation, and 1031 exchanges, Ray and Josh walk through real-world examples and smart strategies to minimize taxes and avoid costly mistakes.Josh also explains:The “it depends” reality of tax planningHow to use your W-2 as a tax-saving tool (yes, really)When mileage vs. actual vehicle deduction makes senseWhy donor-advised funds are a CPA favoriteSmart ways to avoid penalties on estimated taxesCommon real estate tax myths (and how to keep more of your rental income)Whether you're a solo entrepreneur, business owner, or just trying to make the most of your income, this episode delivers practical advice you can use right now.What triggers an IRS audit—and how to avoid oneHow to choose between LLC, S-Corp, or C-CorpThe truth about home office write-offs (spoiler: they don’t change your life)Real estate investing rules: passive vs. active, depreciation, and moreTips for Airbnb hosts and short-term rental ownersHow to handle business vehicle deductions the smart wayWhat happens if you sell a bonus-depreciated carWhen to use a 1031 exchange vs. take the capital gainsWhy donor-advised funds are an underused tax strategyHow to reduce penalties on estimated taxes (especially at today’s 8% rate)🎧 Follow the show every Tuesday on Apple Podcasts:https://podcasts.apple.com/sg/podcast/financially-fluent/id1796392113📩 [email protected] welcome. Real answers given.Explore our free tools and resources atwww.YourNextStepFinancial.com