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re: Can I use my business solely for writeoffs
Posted on 4/7/24 at 6:28 pm to dbbuilder79
Posted on 4/7/24 at 6:28 pm to dbbuilder79
Yes is the short answer
Make a new LLC the December before the next year and do it all over again
Make a new LLC the December before the next year and do it all over again
3
Posted on 4/7/24 at 7:14 pm to Hou_Lawyer
quote:
Make a new LLC
I thought about proposing this to my boss. Make me a 1099 employee. He'd probably take away my health insurance, tho.
I guess my question should be: is that the only way I can write off any and all of my noncompensated expenditures?
Posted on 4/7/24 at 7:50 pm to Hou_Lawyer
Ridiculous post. I hope you will represent him in tax court.
If anything you could try to roll up some initial “start up” expenses but even those should be capitalized and not immediately expensed.
If anything you could try to roll up some initial “start up” expenses but even those should be capitalized and not immediately expensed.
Posted on 4/8/24 at 6:53 am to Hou_Lawyer
quote:
Yes is the short answer
I remember once some rando told me my life would be over and I'd have to explain myself in front of a jury because I told a poster he should consult with attorneys but he should be fully capable of doing an uncomplicated succession himself....you better watch out b/c he's comin.
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