How to reduce S-Corp taxes legally and avoid costly salary and loss carryforward mistakes

Описание: Most S-Corporation owners believe tax preparation is enough.

It’s not.

In this real S-Corp case study, I break down how a business owner:

• Wasted a $190,000 business loss
• Took the wrong W-2 salary
• Overpaid 15.3% self-employment taxes
• Failed to carry forward deductions
• And ended up facing nearly $60,000 in avoidable taxes

This was not aggressive tax planning.
This was not a loophole.

This was simply the difference between tax preparation and tax strategy.

If you own an S-Corporation — especially in high-tax states like New York — this video will show you:

✔ How S-Corp loss carryforwards work
✔ How to set the correct W-2 salary
✔ How self-employment tax impacts S-Corp owners
✔ How to reduce federal + NY state + NYC taxes
✔ How strategic planning before filing can save tens of thousands

We are at the beginning of tax season.
There is still time to implement strategy before filing your return.

🎯 Book an Express Tax Strategy Audit:
https://education.ellarivkin.com/expr...

Financial freedom doesn’t start with filing.
It starts with planning.

⏱️ Timecodes

00:00 – Why tax preparation alone can cost you
00:40 – Real client audit (3-year review)
01:20 – 2023: $190K loss + $80K W-2
02:05 – 2024: Profit + additional tax payment
02:45 – The loss was never carried forward
03:30 – The W-2 salary mistake (15.3% issue)
04:20 – What should have been done differently
05:05 – 2025: $180K taxable income problem
05:40 – Federal, NY State & NYC tax impact
06:20 – How $60K could have been saved



Leave your questions and comments below the video.

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Link to this video:    • How to reduce S-Corp taxes legally and avo...  
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I’m Ella Rivkin—founder of ERPS Group, Inc., tax strategist, 10X Certified Business Coach, and real estate investor. For over 26 years, I’ve helped entrepreneurs, practice owners, and high-income earners turn their biggest financial goals into reality.

I came to the U.S. with nothing—no connections, limited English, and no roadmap. But I believed in one thing: It’s All In Your Hands. With the right knowledge, discipline, and strategy, anyone can build lasting wealth.

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This content is provided for educational and informational purposes only. It should not be considered financial, tax, or investment advice. Viewers should conduct their own research and consult with licensed professionals before making any financial decisions.