incorporated has its benefits, especially if in a business friendly state like nevada. My corporate return only requires me to sign it, I pay no taxes on what the corporation makes... but I do pay taxes on my personal return which winds up being more then I really want to pay taxes on.
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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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