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re: Tax question as an independent contractor
Posted on 12/29/14 at 2:35 pm to Poodlebrain
Posted on 12/29/14 at 2:35 pm to Poodlebrain
quote:
I don't think you know what you are talking about. None of your suggestions will result in significant reductions in the OP's income subject to tax without causing him actual economic losses.
He probably attended one of those workshops given by an attorney from Utah who travels around giving workshops selling LLC packages, if you buy "tonight only" you can buy 5 LLCs for $1,500 or some such nonsense, and you should put every single asset you own, personal and LLC into different LLCs.
I have several veterinarian clients, and this guy spoke at their local association meeting a few months ago, and I got calls for days afterwards asking about it.
This post was edited on 12/29/14 at 2:36 pm
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