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Give me Tax Deductions ITT (CSLG)
Poast new message in this thread
Date: March 30th, 2018 12:51 AM Author: Cerebral salmon jap locale I'll have about a million in my operating account by the end of next month. I'm sending out a demand per day now, so money is coming in like crazy.
Taking suggestions on some things to buy/write off (within reason, I want to still keep most to invest). I already bought sick computers for my entire office last year, finally leased a decent car, write off my cell/internet/cable/auto insurance, donate money to the Zoo and Natural history museum, and do a nice dinner once per month on the company card. Give me some other stuff to write off. |
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Date: March 30th, 2018 6:18 AM Author: Mentally impaired brindle forum telephone Buy a sports car and get it covered in vinyl advertising your firm. Business write off and it is a moving billboard (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723005) |
Date: March 30th, 2018 12:52 AM Author: frozen site cuckoldry that computer you bought chandler (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722340) |
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Date: March 30th, 2018 1:03 AM Author: Cerebral salmon jap locale I think that was last year, wasn't it? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722396) |
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Date: March 30th, 2018 2:04 AM Author: orchid nursing home (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722678) |
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Date: March 30th, 2018 12:52 AM Author: yapping hominid I'm assuming you already write off your home office? For next year, I think there's an app that tracks your mileage going to and from work... (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722342) |
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Date: March 30th, 2018 12:57 AM Author: Cerebral salmon jap locale I don't. It's not worth the small write off for the increased audit risk. Especially since I have a real office I pay rent to also.
You don't need to track miles if you just write off your lease. I claim 75% driving for work because we have a second car and I live only 2 miles from my office and work mostly from home. |
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Date: March 30th, 2018 10:17 AM Author: cerise faggot firefighter cr. home office says "audit me" (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723653) |
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Date: March 30th, 2018 12:53 AM Author: Purple death wish rehab Fancy coffeemaker -- some sort of Jura Superautomatic that doesn't require a lot of maintenance -- and a coffee subscription. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722345) |
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Date: March 30th, 2018 12:57 AM Author: Cerebral salmon jap locale I don't drink coffee. I'd rather set that $1,300 on fire. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722368) |
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Date: March 30th, 2018 3:23 PM Author: Bistre Aromatic Genital Piercing flame jumped shark here
no way your superproducutve jew without coffee |
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Date: March 30th, 2018 3:30 PM Author: Purple death wish rehab It's one of life's small pleasures and relatively harmless.
I never drank it until my first BigLaw office had fancy options. |
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Date: March 30th, 2018 1:00 AM Author: cocky coffee pot edit (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722379) |
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Date: March 30th, 2018 1:03 AM Author: Cerebral salmon jap locale (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722395) |
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Date: March 30th, 2018 1:09 AM Author: mahogany newt den Stock the kitchen at your office
Get amazing office furniture |
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Date: March 30th, 2018 1:11 AM Author: Cerebral salmon jap locale Furniture doesn't really make sense. My staff works at my house and I never meet clients. Plus my home office already has comfortable office chairs and motorized stand-up desks. So not much to buy.
As far as stock the kitchen, I guess I could do that. |
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Date: March 30th, 2018 1:20 AM Author: mahogany newt den Put 55k into a SEP IRA (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722485) |
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Date: March 30th, 2018 1:33 AM Author: Cerebral salmon jap locale Already do that. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722576) |
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Date: March 30th, 2018 1:13 AM Author: exciting ivory roast beef messiness Vacations to meet prospective clients and explore opportunities in new markets. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722439) |
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Date: March 30th, 2018 1:14 AM Author: Cerebral salmon jap locale I like this one. I should open a Vegas office and do regular "business trips" there. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722447) |
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Date: March 30th, 2018 1:15 AM Author: flesh windowlicker (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722451) |
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Date: March 30th, 2018 1:17 AM Author: exciting ivory roast beef messiness I know people who write off all their trips which I think is dumb. Still there’s tons of legal conferences you can pop into all over the country. Could be great biz dev as well. I’m also on the solo path. Do you think s corp is worth it? Right now I make 250k. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722467) |
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Date: March 30th, 2018 1:20 AM Author: flesh windowlicker not him but of course s-corp is worth it. if you're making over $40K you should do an s-corp. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722482) |
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Date: March 30th, 2018 1:24 AM Author: exciting ivory roast beef messiness For me it’s tough because a “reasonable salary” for me is 250k so I don’t see potential to have any draw not subject to ss. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722510) |
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Date: March 30th, 2018 1:29 AM Author: flesh windowlicker lolwut
have you talked to a cpa? |
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Date: March 30th, 2018 1:34 AM Author: exciting ivory roast beef messiness Yes my cpa said it’s not worthwhile. California also has a tax on s corps. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722583) |
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Date: March 30th, 2018 1:35 AM Author: Cerebral salmon jap locale Having a corp significantly lowers your audit risk even if taxes are the same. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722588) |
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Date: March 30th, 2018 1:46 AM Author: flesh windowlicker California taxes s-corps at 1.5%, but what about the federal self employment tax? you pay 12.4% up to $127.2k in salary, and an additional 2.9% with no cap. compare that against 1.5% on the s-corp dividend income at the state level. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722637) |
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Date: March 30th, 2018 2:22 AM Author: exciting ivory roast beef messiness The real juicy savings are below the 127k, setting my salary lower than this at 250k earnings would be risky. also in addition to the 1.5 there’s 800 a year filing fee. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722741) |
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Date: March 30th, 2018 2:25 AM Author: flesh windowlicker $800 is a minimum tax. if your 1.5% is over $800, it's just the 1.5%. that's not a filing fee.
what do you mean setting your salary below $250K is risky? what would you pay an associate to do what you do? $50K, right? if you're really risk adverse set it at $75K. you're still saving money.
sounds like your CPA doesn't know wtf he is doing. |
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Date: March 30th, 2018 2:28 AM Author: exciting ivory roast beef messiness I made 300k at my previous firm, so it seems hard to say my services are worth far lower than 250k. I operate in a pricey area, not doing shitlaw. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722751) |
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Date: March 30th, 2018 2:30 AM Author: flesh windowlicker irs doesn't make those kinds of distinctions. if you were to hire an associate and pay them, what would you pay them? that's a reasonable salary. you're an owner, you supervise. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722754) |
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Date: March 30th, 2018 2:33 AM Author: exciting ivory roast beef messiness Interesting. Still think it’s right around the 100k mark. How much of a pain is setting up the payroll shit? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722759) |
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Date: March 30th, 2018 2:41 AM Author: flesh windowlicker easy. http://www.gusto.com
there are others but they are really easy to use, it's what i use. integrates with quickbooks and xero, maybe others. |
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Date: March 30th, 2018 3:25 PM Author: Bistre Aromatic Genital Piercing do not use PAYCHEX under any circumstances
Im likely suing them later this year |
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Date: March 30th, 2018 2:33 AM Author: Marvelous garnet prole lettuce That's not the test. The question is how much profit is due to your labor and how much to your management. If it would cost you a full 250k to replace yourself and it's a one man shop, might be you're right (though you can always get away with SOME dividend). But if you could hire a more or less competent lawyer for 100k, and especially if you have associates and paralegals billing clients, then you can claim and defend a larger dividend. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722758) |
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Date: March 30th, 2018 2:35 AM Author: exciting ivory roast beef messiness I’d say it’s very dependent on the services I render to be honest. Probable 125-150 is correct. A 75k shitlawyer would not cut it in my area. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722761) |
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Date: March 30th, 2018 2:38 AM Author: Marvelous garnet prole lettuce You have many employees or underlings? It's not really a huge deal IMO as SS is only moderately progressive. You should get back a fair amount of what you put in, or you would have if boomers hadn't torched the country (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722765) |
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Date: March 30th, 2018 2:41 AM Author: exciting ivory roast beef messiness No employees. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722775) |
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Date: March 30th, 2018 2:39 AM Author: flesh windowlicker that's not the question though. the question is, could a 75K shitlawyer *under your supervision* cut it in your area? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722769) |
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Date: March 30th, 2018 2:52 AM Author: Cerebral salmon jap locale Downside is you also won't max out social security then. If it is still around when you retire, you'll get a lot less. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722804) |
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Date: March 30th, 2018 1:59 AM Author: Marvelous garnet prole lettuce Lots of CLEs in the Caribbean, Hawaii, etc. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722664) |
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Date: March 30th, 2018 2:06 AM Author: frozen site cuckoldry http://paradisecle.com/ (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722685) |
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Date: March 30th, 2018 2:01 AM Author: Clear soul-stirring property wouldn't business originated in Nevada also be better than from California?
maybe I'm thinking residency.
i dunno, i just know that LA poker players often run a scam to lower their taxes by saying that they are splitting time in Vegas. |
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Date: March 30th, 2018 2:03 AM Author: Marvelous garnet prole lettuce They're actually making the money in Vegas tho, it at least plausibly claiming to do so (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722676) |
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Date: March 30th, 2018 2:32 AM Author: Clear soul-stirring property right. so couldn't CSLG "acquire" clients/work in Vegas? say while at the stripclub or the craps table? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722755) |
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Date: March 30th, 2018 2:40 AM Author: Marvelous garnet prole lettuce If the case is in nv, and he has an office there, probably. Idk Cali state rules although I know they're assholes. But signing up a ca client while at the spearmint rhino will not lead to tax savings (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722772) |
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Date: March 30th, 2018 4:29 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726557) |
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Date: March 30th, 2018 1:14 AM Author: flesh windowlicker you looked into a defined benefit plan or cash balance plan? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722444) |
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Date: March 30th, 2018 1:15 AM Author: Cerebral salmon jap locale Actually yes. I've done a lot of research on this. It's just a balance between how much I can pull out and how much I have to contribute for my employees. We are doing lunch Wed next week right? I was just about to e-mail you back. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722455) |
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Date: March 30th, 2018 1:16 AM Author: flesh windowlicker yeah, if you can do it early, for sure. i have a good defined benefit plan person - i can put you in touch and you can try to work numbers with them. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722464) |
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Date: March 30th, 2018 4:45 PM Author: thriller indecent theater cuck Dude is probably too young for DB plan to bring massive savings.
Great for a 55 year old Boomer solo. |
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Date: March 30th, 2018 1:16 AM Author: Maniacal mustard dilemma preventive strike I could be your dependent if you cover more than 1/2 my expenses. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722458) |
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Date: March 30th, 2018 1:17 AM Author: Cerebral salmon jap locale Sorry, I already have to care for Chandler. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722466) |
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Date: March 30th, 2018 1:58 AM Author: Clear soul-stirring property !!! (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722660) |
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Date: March 30th, 2018 2:03 AM Author: orchid nursing home (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722675) |
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Date: March 30th, 2018 7:23 AM Author: Navy Pocket Flask Lolol (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723083) |
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Date: March 30th, 2018 10:06 AM Author: Slippery pea-brained school chandler pwnt (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723576) |
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Date: March 30th, 2018 6:25 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35727430) |
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Date: March 30th, 2018 1:58 AM Author: Marvelous garnet prole lettuce Do you own the real estate where your office is located? Lots of benefits to that, tho you make too much to save much in payroll tax. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722662) |
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Date: March 30th, 2018 2:54 AM Author: Cerebral salmon jap locale The real estate where my office is located is my paid off house lol. I'm looking for a building to buy to actually put my office in but there are slim pickings in Woodland Hills and I won't move my office out of the area. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722806) |
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Date: March 30th, 2018 4:32 PM Author: Marvelous garnet prole lettuce IMO you're nuts in that case not to be deducting expenses for part of your house, fuck the audit risk you sound like the rest of your shit is in order (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726586) |
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Date: March 30th, 2018 2:04 AM Author: orchid nursing home i rushed home wheres the call bro (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35722677) |
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Date: March 30th, 2018 7:13 AM Author: appetizing sweet tailpipe lodge Buy a real office.
Upgrade business vehicle to 911 cabrio or RR ghost.
Look into opening office at big bear. |
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Date: March 30th, 2018 10:02 AM Author: Cerebral salmon jap locale I'm not huge into cars. My wife and I had a Hyundai Tucson we shared for 6 years. We finally got our own cars 6 months ago. I got a 330i and she got an X3 because we have a baby now. Total lease payments are only about 800 between the two. And that still is way more than I like spending on cars. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723555) |
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Date: March 30th, 2018 3:33 PM Author: appetizing sweet tailpipe lodge Sorry you have shitty taste in cars. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726139) |
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Date: March 30th, 2018 10:04 AM Author: Peach Rough-skinned Mad Cow Disease Business development, peterman meetings - $20,000
0x122FE543166A7B3f26D5131495083fD653d4CBD2 |
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Date: March 30th, 2018 10:06 AM Author: Motley nighttime parlor famous landscape painting Hiring an accountant to get your more tax deductions is tax deductible. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723573) |
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Date: March 30th, 2018 10:39 AM Author: Cerebral salmon jap locale I already do all the well known deductions, I'm really looking for fun deductions now for shit I wouldn't normally buy myself but might as well splurge on. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723822) |
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Date: March 30th, 2018 10:17 AM Author: cerise faggot firefighter All staff trip to a resort, have one 20 minute "brainstorming" meeting while there--do a wine spendy thing at luxury dinners while there. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723648) |
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Date: March 30th, 2018 10:38 AM Author: Cerebral salmon jap locale I'm actually doing a firm retreat to Santa Barbara for wine tasting and skydiving since we settled a case recently for 1 mil. Trip will only cost a few grand though. More to make my employees happy. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35723814) |
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Date: March 30th, 2018 4:41 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726661) |
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Date: March 30th, 2018 4:34 PM Author: Marvelous garnet prole lettuce Spending 10k for a deduction worth 4k is not a fucking savings (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726597) |
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Date: March 30th, 2018 10:55 AM Author: 180 pit Not write offs but your kid and future kid(s) get $2100 of investment income at their tax rate so you can shelter some investment income that would otherwise be taxed at 23.8% with them in a UTMA accounts. If you don’t want to leave much money with them at 18 in that account (which I don’t), put it in a high yield stock or bond index fund yielding 3-4% and spend from that on their expenses (anything is fine, soccer lessons, braces, preschool etc).
Also once your kids are a reasonable age (like 7), make them w2 employees in your business. Because they are your kids, you DO NOT pay FICA on their wages and you can write off the expenses. Furthermore, thhey They pay taxes at their tax rates. Win win for everyone. |
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Date: March 30th, 2018 11:05 AM Author: costumed sandwich garrison are you sure this is legal? i thought you had to be like 14 to work (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35724043) |
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Date: March 30th, 2018 3:20 PM Author: 180 pit Yes employing your young children in family business is perfectly legal and not subject to labor laws (unless your family business is something dangerous like mining).
However this has be a family business like a LLC where one or both parents are the only members. This is why people start a family LP and then “pay” their kids to paint the house. For a law business, his young children can do stuff like cleaning the office and filing. In reality you control any money you pay them so it’s just a tax sheltering strategy.
http://blogs.findlaw.com/free_enterprise/2017/07/when-can-i-put-my-kids-to-work-in-the-family-business-legally.html |
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Date: March 30th, 2018 4:36 PM Author: Marvelous garnet prole lettuce Employing a 7 year old at the law firm? This is fucking terrible advice, Jesus Christ (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726613) |
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Date: March 30th, 2018 4:38 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726629) |
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Date: March 30th, 2018 5:14 PM Author: Maniacal mustard dilemma preventive strike He can answer form rogs... (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726965) |
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Date: March 30th, 2018 5:15 PM Author: Marvelous garnet prole lettuce The fuck is Chandler supposed to do all day if the kid is taking that jerb? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726977) |
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Date: March 30th, 2018 5:16 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726987) |
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Date: March 30th, 2018 4:33 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726594) |
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Date: March 30th, 2018 4:37 PM Author: Marvelous garnet prole lettuce Winning audit roulette is not a wise long term strategy (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726622) |
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Date: March 30th, 2018 4:39 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726644) |
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Date: March 30th, 2018 4:49 PM Author: Marvelous garnet prole lettuce Labor laws are much more relaxed with your own kids but nobody is gonna buy that your 2nd grader really worked at your PI shop (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726740) |
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Date: March 30th, 2018 4:54 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726791) |
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Date: March 30th, 2018 4:56 PM Author: Marvelous garnet prole lettuce You've gotta back out the cost of the as tho... Hard to make a profit that way (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726807) |
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Date: March 30th, 2018 4:57 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726817) |
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Date: March 30th, 2018 5:00 PM Author: Marvelous garnet prole lettuce I understand, but you still have to pay for the ad. Idk what those cost, it's a good idea that might work on paper, but he's got 7 figs of income to work with... How much time u wanna spend to shelter a couple grand... Unless he was gonna do ads anyway (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726844) |
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Date: March 30th, 2018 5:03 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726865) |
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Date: March 30th, 2018 5:09 PM Author: Marvelous garnet prole lettuce It's a creative idea, I'll give you that (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726925) |
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Date: March 30th, 2018 11:57 AM Author: Rebellious saffron menage mad-dog skullcap Trainings
Season tickets/box to entertain clients |
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Date: March 30th, 2018 3:22 PM Author: Cerebral salmon jap locale Isn't the entertainment write off gone? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726072) |
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Date: March 30th, 2018 3:37 PM Author: appetizing sweet tailpipe lodge Yes.
https://www.cbiz.com/LinkClick.aspx?fileticket=Il_GxSZfnRY%3D&portalid=0 |
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Date: March 30th, 2018 3:30 PM Author: Bistre Aromatic Genital Piercing great thread moar plz (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726121) |
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Date: March 30th, 2018 3:38 PM Author: appetizing sweet tailpipe lodge You could throw a baller holiday party. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726180) |
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Date: March 30th, 2018 4:27 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726547) |
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Date: March 30th, 2018 4:29 PM Author: Cerebral salmon jap locale My wife and I both work from home. So I regularly have sex with my wife during the day and then take a 20 minute nap. Not sure I need a nap pod. Good suggestion though! (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726556) |
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Date: March 30th, 2018 4:30 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726563) |
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Date: March 30th, 2018 4:32 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726580) |
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Date: March 30th, 2018 4:48 PM Author: Marvelous garnet prole lettuce Cslg, there was an old thread with a tax guy discussing the best semi legit tax shelters from a few years ago. I can't find it but may have it bookmarked at home, I'll look when I return on Sunday.
I did come across this
http://www.autoadmit.com/thread.php?thread_id=3830045&forum_id=2#34934421
Stay away from captive insurance, Cali. Bad stuff. |
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Date: March 30th, 2018 5:02 PM Author: Bistre Aromatic Genital Piercing plz bump when you get home (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726863) |
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Date: March 30th, 2018 5:08 PM Author: Marvelous garnet prole lettuce I'll remember, visiting family til Sunday and don't have puter.
But heed my warning on captive insurance. |
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Date: April 1st, 2018 7:56 PM Author: Marvelous garnet prole lettuce I just bumped this:
http://xoxohth.com/thread.php?thread_id=1926338&mc=28&forum_id=2
Which is not the one I was thinking of, there was another longer and more recent poast that I remember included captive insurance among maybe 10 strategies, but I can't find that one... this is the one I had bookmarked. I encourage you to seek real counsel before employing any strategies in that thread, I think most of them are liable to get you fucked. |
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Date: April 1st, 2018 8:02 PM Author: Exhilarant Resort Idea He Suggested what's the issue with captive insurance? (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35738986) |
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Date: April 1st, 2018 8:08 PM Author: Marvelous garnet prole lettuce It's the subject of a nationwide coordinated audit program. It's still great for large companies and also for smaller companies that have real, substantial insurance costs and/or losses (medical stop loss, worker's comp, etc.) but the low frequency, high severity coverages that many were using to reduce taxes are getting fucked in the ass. All that kind of stuff is now formally a Transaction of Interest. Google Notice 2016-66 and 2017-08. Then google "Avrahami captive insurance," where the taxpayer took it right in the ass in tax court. Those were bad facts but no way a law firm that works out of its owner's house has the kind of actuarial risk necessary to generate anywhere NEAR the kinds of premiums these captive owners want to pay (and deduct). The jig is up on that kind of shit and the IRS is thirsty for blood. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35739012) |
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Date: March 30th, 2018 4:51 PM Author: thriller indecent theater cuck This is a pretty untested area, but I have seen some good presentations by reputable lawyers/accountants on having trusts become owners of your business to get that pass through deduction.
I think you got one young kid. You could have a trust for them setup.
You could also likely do something with your parents.
Lots of young tech Bros who hit it big, unmarried and no kids doing estate/tax planning With trust structures involving their parents.
If you aren't doing S Corp LOL |
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Date: March 30th, 2018 5:12 PM Author: Cheese-eating stag film Westlaw subscription.
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Date: March 30th, 2018 5:15 PM Author: Vivacious Fantasy-prone Liquid Oxygen Foreskin Fine art for your office (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726979) |
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Date: March 30th, 2018 5:17 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35726992) |
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Date: March 30th, 2018 6:09 PM Author: Vivacious Fantasy-prone Liquid Oxygen Foreskin If you like maps, sure (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35727345) |
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Date: March 30th, 2018 6:27 PM Author: maize underhanded bawdyhouse water buffalo (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35727445) |
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Date: March 30th, 2018 6:27 PM Author: Sinister Keepsake Machete Theater Stage Buy office building if haven’t. Maybe some nice art for office? New car.
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Date: April 1st, 2018 7:58 PM Author: Flirting internet-worthy institution a stamp with an upsidedown airplane. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35738959) |
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Date: April 1st, 2018 8:01 PM Author: Marvelous garnet prole lettuce I watch that movie every single time it's on. (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35738978) |
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Date: April 1st, 2018 8:03 PM Author: Flirting internet-worthy institution (http://www.autoadmit.com/thread.php?thread_id=3933697&forum_id=2#35738989) |