Looking ahead to next tax season... - GoFuckYourself.com

Alky · 04-16-2002, 01:39 AM

As of right now all my checks come in to my name and I have to pay a ton in taxes. Someone said its basically like 31% which you have to pay back.

But are there ways to pay less? Another person said something like starting a corporation you pay less? or it might have been a inc.

also, please post all the neat and wonderful things you guys found that you wrote off. etc etc etc

since i am just starting out i havent really paid much attention to all this, but now i am trying to look ahead, so much help please!

FiReC · 04-16-2002, 01:44 AM

hit up the phonebook tomorrow and look for "accountant"

Alky · 04-16-2002, 01:50 AM

good answer....

dirtymonkey · 04-16-2002, 02:19 AM

Alky:

You don't only want an accountant, you need on with legal experience too! Tax Attorneys are pretty much the shit and have a million tools that will help you keep your money and create a $0 income for you at the end of the year. I live in CA. and I have to pay the $800 / year filing fee for my C Corp, but I partner in other LLC's and take checks on a consulting or shareholder withdraw basis... to my C CORP. then I filter everything through the corp., food, car, computer shit, anything that you can think of! Then I pay myself as an employee of my corp... let's say $10 - now i can afford $3 in taxes

The C CORP then files and if you are creative you can usually break even and pay VERY little taxes... You will need to setup a pension plan, etc... but I have a REALLY KICKASS attorney / cpa - I'll hook you up with her info. if you wanna do this!

-DM - ICQ 138941940

04-16-2002, 01:39 AM	#1
Alky Confirmed User Join Date: Apr 2002 Location: Houston Posts: 5,651	Looking ahead to next tax season... As of right now all my checks come in to my name and I have to pay a ton in taxes. Someone said its basically like 31% which you have to pay back. But are there ways to pay less? Another person said something like starting a corporation you pay less? or it might have been a inc. also, please post all the neat and wonderful things you guys found that you wrote off. etc etc etc since i am just starting out i havent really paid much attention to all this, but now i am trying to look ahead, so much help please!

04-16-2002, 01:44 AM	#2
FiReC Confirmed User Industry Role: Join Date: Jan 2002 Location: Land o Nubiles Posts: 2,350	hit up the phonebook tomorrow and look for "accountant" __________________ www.nubilefilms.com \| www.nubiles.net \| www.anilos.com \| tubescript.nubiles.net \| icq4162727

04-16-2002, 01:50 AM	#3
Alky Confirmed User Join Date: Apr 2002 Location: Houston Posts: 5,651	good answer....

04-16-2002, 02:19 AM	#4
dirtymonkey Confirmed User Join Date: Mar 2002 Location: San Diego, CA Posts: 128	Alky: You don't only want an accountant, you need on with legal experience too! Tax Attorneys are pretty much the shit and have a million tools that will help you keep your money and create a $0 income for you at the end of the year. I live in CA. and I have to pay the $800 / year filing fee for my C Corp, but I partner in other LLC's and take checks on a consulting or shareholder withdraw basis... to my C CORP. then I filter everything through the corp., food, car, computer shit, anything that you can think of! Then I pay myself as an employee of my corp... let's say $10 - now i can afford $3 in taxes The C CORP then files and if you are creative you can usually break even and pay VERY little taxes... You will need to setup a pension plan, etc... but I have a REALLY KICKASS attorney / cpa - I'll hook you up with her info. if you wanna do this! -DM - ICQ 138941940