Case Study: Windermere Real Estate saves $14K in taxes with Formations

Windermere - Customer Case Study

Stephanie Kristen, a real estate agent with Windermere Real Estate, had been managing her own bookkeeping and taxes as a sole proprietor for years. She knew that switching to S-corporation taxation could improve her finances, but she wasn’t sure how to set it up or keep the business compliant.

Formations reviewed her 2019 tax return, filed a late S-election, and cleaned up her books so her business could be taxed and operated as an S-corporation. With Formations handling bookkeeping, payroll, reconciliations, and compliance, Stephanie saved $14,000 on her 2019 taxes and can now focus on real estate instead of back-office tasks.

Windermere Real Estate

Stephanie Kristen

Managing Broker