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Originally Posted by rants
How much do you think someone has to make before they bother getting incorporated and doing all that complicated crap? I procrastinated too much on my taxes this yr so i can't really talk to an accountant about it for advice, im just doing it last minute on Turbo Tax.
This year I made around 80k, I don't think that's enough income to warrant getting incorporated and all that stuff? Plus I don't own any propery and don't have any investments so I don't think it's necessary... is that right?
This yr will be my first 6 fig income but its only low 6 figs (under 200k) so I dont know if its time to get incorporated? I heard that incorporating just makes you pay MORE taxes so it's not necessary unless you have a complicated setup...
Plus all I do is submit galleries so I don't really need any protection from liabilities...
Also Airek, did Ragecash sent out 1099's last yr? I didnt' get anything even tho i made over $600... ??
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i think you are more than ready then. its not really about how much you make, its about what kind of protection and what kind of benefits you want to reap from being an INC.
not necessarily true on the paying more taxes thing.
we did send 1099 to all WMs that are u.s. based and foreign that have requested.
if you want icq me man. no prob.