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Old 03-20-2019, 01:30 PM  
AzteK
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Join Date: Feb 2001
Location: Northern Cali, USA
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Quote:
Originally Posted by Sly View Post
Yes. And that's the problem with saving in advance.

Now you have $25k-whatever sitting in some savings account that you should be spending on your business.

If you are in a position that you can invest in your business, you should be aggressively investing. Not sitting on the sidelines with a savings account full of cash that you are going to get heavily taxed on.

Get a tax lawyer. It will be expensive but I'm telling you it will be worth every cent you give them.
I'm going to seek consultation.
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