Incorporating late in the year: Any way to save taxes on the money you made prior..

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  • juice
    Confirmed User
    • Jan 2003
    • 628

    #1

    Incorporating late in the year: Any way to save taxes on the money you made prior..

    ...to incorporating ? I plan to incorporate this week and would like to be able to pay only 21%(or lower if I go offshore) for all of my 2004 incomes. My accountant doesnt seem to know if it can be done. Is there a way to do it?
  • Jay_StandAhead
    Confirmed User
    • Jul 2002
    • 3103

    #2
    where do you live?

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    • juice
      Confirmed User
      • Jan 2003
      • 628

      #3
      Originally posted by Jay[neX]
      where do you live?
      Canada

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      • juice
        Confirmed User
        • Jan 2003
        • 628

        #4
        bump

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        • SleazyDream
          I'm here for SPORT
          • Jul 2001
          • 41470

          #5
          who the fuck is juice and why is does it look like he's trying to make people think he's juicylinks?
          This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!

          Now read without the word dog.

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          • juice
            Confirmed User
            • Jan 2003
            • 628

            #6
            Originally posted by SleazyDream
            who the fuck is juice and why is does it look like he's trying to make people think he's juicylinks?


            You remind me of this guy

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            • juice
              Confirmed User
              • Jan 2003
              • 628

              #7
              bump

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              • warlock5
                Confirmed User
                • Jan 2004
                • 2808

                #8
                Well at least his name isn't juicelinks.

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                • Webby
                  Too lazy to set a custom title
                  • Oct 2002
                  • 14956

                  #9
                  juice:

                  ...to incorporating ? I plan to incorporate this week and would like to be able to pay only 21%(or lower if I go offshore) for all of my 2004 incomes. My accountant doesnt seem to know if it can be done. Is there a way to do it?
                  How can you just change lanes mid stream and try to allocate your past revenue into a corp that never existed at that time??

                  All that stuff needs to be put in place first.

                  Tho, depends what "facilities" you may have - eg.. inter company invoicing has some uses :-)
                  XXX TLD's - Another mosquito to swat.

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                  • Crypt
                    Confirmed User
                    • Apr 2004
                    • 2225

                    #10
                    Originally posted by Webby
                    juice:



                    How can you just change lanes mid stream and try to allocate your past revenue into a corp that never existed at that time??

                    All that stuff needs to be put in place first.

                    Tho, depends what "facilities" you may have - eg.. inter company invoicing has some uses :-)
                    Some accountant can do it it seem.

                    Mine made exactly this for me.

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                    • Webby
                      Too lazy to set a custom title
                      • Oct 2002
                      • 14956

                      #11
                      Crypt:

                      Some accountant can do it it seem.

                      Mine made exactly this for me.
                      Just don't let the revenue near his working papers
                      XXX TLD's - Another mosquito to swat.

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                      • juice
                        Confirmed User
                        • Jan 2003
                        • 628

                        #12
                        Originally posted by Crypt
                        Some accountant can do it it seem.

                        Mine made exactly this for me.
                        is that true? How did he do it? inter company invoicing? Were your checks and wire transfers made at your name or at your company's name prior to incorporating? All my 2004 revenues were paid to me personally, not a company
                        Last edited by juice; 10-20-2004, 10:24 PM.

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                        • Freakster
                          Confirmed User
                          • Jul 2002
                          • 833

                          #13
                          maybe 60 days prior to paper fillings, not before though... I'd have to check again... but that's what I've read and what I'll be telling my accountant when the taxes time come up
                          174-38-56

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                          • Hank_MrSkin
                            Confirmed User
                            • Sep 2002
                            • 3987

                            #14
                            I hope you are not in the US cause the IRS will own your ass trying that shit
                            Icq = 459565429 AIM = butlerhankb http://stripperpins.com
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                            • ytcracker
                              stc is the greatest
                              • Dec 2002
                              • 12403

                              #15
                              Originally posted by Hank_MrSkin
                              I hope you are not in the US cause the IRS will own your ass trying that shit
                              yea they will shit on your face for a stunt like that
                              i fear the irs
                              www.ytcracker.com | www.digitalgangster.com
                              i love you

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                              • AlienQ - BANNED FOR LIFE
                                best designer on GFY
                                • Mar 2003
                                • 30307

                                #16
                                This is amusing;)

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