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re: Tax question as an independent contractor

Posted on 12/29/14 at 11:38 pm to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71690 posts
Posted on 12/29/14 at 11:38 pm to
quote:

setting up a LLC and showing investment or loss, this could include a vehicle for company use, houses, land, tractors, etc.



This is completely and utterly incorrect. Not only are you opening yourself up to auditors asking why, in the normal course of business, you would need these things, what happens if the company goes bankrupt? Oh that's right, all those things that were expensed through your company wouldn't be protected.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 12/30/14 at 1:28 am to
In the Jackson area, one of the reps at Raymond James teaches an adult (no-credit) course on the Stock Market at Millsaps College. There is always a doctor or two taking the class.
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