Freelancers, How to Avoid Uncle Sam?
Freelancers, How to Avoid Uncle Sam?
Out of context: Reply #1
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- era4O40
Never incorporate! And, just to illustrate this point:
Payment Date Tax Payment Net Amt Start End
Check Num05/06/2009 Federal Taxes (941/944) $4643.34 04/01/2009
04/30/2009 E-Payment
04/06/2009 Federal Taxes (941/944) $4665.54 03/01/2009
03/31/2009 E-Payment
03/05/2009 Federal Taxes (941/944) $4687.74 02/01/2009
02/28/2009 E-Payment
02/05/2009 Federal Taxes (941/944) $4709.19 01/01/2009
01/31/2009 E-Payment- wtf. I'm Inc. and don't have anything like this. You must be making bank to owe this much.arthur
- We do okay. :) Why did you incorporate, man?era4O4
- Did it on the advice of our tax preparer. The biggest drag of the whole thing is the paper work, being salaried, etc.arthur
- you say that until a client sues you and goes after your personal assets.monkeyshine
- Yeah, I think you balance the fact that 'you\'re doing ok' with other stuff - I hazard a guess you're better off than many here...babaganush
- u can llc. then u dont have to worry as much about being suedgerardm