S-Corp setup for Rental / Stock Trading business
I am thinking of setting up S-Corp and have few questions.
Business activities :
1) Rental business for property to be owned by the S-Corp
Revenue : 20K approx.
Income after expense will be less than 14K
2) Investment / Stock Market Trading
Questions
- Is Rental business and Investing considered purely a passive Income activity
- Do I need to pay myself salary, if so what should be the guidelines
- If I have a Trade windfall and have capital gains of 50-100K in a year, can all be taken as distribution after taxes
- What is the probability that IRS will look at this setup and impose fines and cancel S-Corp election, if there is ZERO payroll taxes