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Started By
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re: How do I find out what tax bracket an LLC corporation is in?
Posted on 2/29/16 at 9:48 pm to shoelessjoe
Posted on 2/29/16 at 9:48 pm to shoelessjoe
quote:
i put this topic in money talk ...
Say what?? And you thought the OT would give better advice. Carry on
1
Posted on 2/29/16 at 9:50 pm to Supermoto Tiger
Not better advice. Just thought more people would see topic to give some guidance.
Posted on 2/29/16 at 9:50 pm to Mo Jeaux
THIS type of bullshite is why we need a national sales tax. Except the tax lawyers and CPAs will never allow it.
Posted on 2/29/16 at 9:53 pm to shoelessjoe
quote:
since money was lost was that an advantage for tax purposes and if so how. The CPA mentioned something about that but couldnt understand that.
Money lost = advantage for tax purpose. Now, go talk to your CPA.
How old are you?
Posted on 2/29/16 at 9:54 pm to jbgleason
Another thing i would like to know is does it benefit me to take whatever money i should recieve in a lump sum or over a period of time to lessen the taxes taken out of the money to be recieved if so how much difference?
Posted on 2/29/16 at 9:55 pm to shoelessjoe
quote:
It is. I talked to my CPA about this a few days ago but just wanted to know since money was lost was that an advantage for tax purposes and if so how. The CPA mentioned something about that but couldnt understand that.
Definitely an advantage. It's always better to lose money.
Posted on 2/29/16 at 10:47 pm to shoelessjoe
You would have a net operating loss carry forward for the years you had a net loss. This would be used to offset the net income of future years.
Keep in mind, the transactions you are about to enter into will not be taxed until the following year. It's March... Your tax liability ended on 12/31/15. Any transactions you have during March will not be affected by your current tax filing due this year.
Keep in mind, the transactions you are about to enter into will not be taxed until the following year. It's March... Your tax liability ended on 12/31/15. Any transactions you have during March will not be affected by your current tax filing due this year.
Posted on 2/29/16 at 11:11 pm to fed1811
quote:
fed1811
Posted on 2/29/16 at 11:14 pm to shoelessjoe
You would be better off not filing than to execute the assault on the tax codes that you are about to undertake
This post was edited on 2/29/16 at 11:16 pm
Posted on 2/29/16 at 11:20 pm to shoelessjoe
Your questions are easily answered by a CPA.
NOT here.
You are not very sophisticated and the IRS doesn't care that you are ignorant as to things of the world.
They want any/all taxes and penalties you legitimately owe to them.
They actually want more than you actually owe.
Spend the money on the tax professional!
NOT here.
You are not very sophisticated and the IRS doesn't care that you are ignorant as to things of the world.
They want any/all taxes and penalties you legitimately owe to them.
They actually want more than you actually owe.
Spend the money on the tax professional!
Posted on 3/1/16 at 12:03 am to shoelessjoe
This thread is too full of fail to deserve a legitimate response.
Posted on 3/1/16 at 12:14 am to GaryMyMan
quote:
I think the basics of income tax should be taught in high school. I have two degrees and don't know squat about personal income taxes.
Unfortunately, there is really no such thing as income tax basics. shite changes so much and so often that it would be damn near useless by the time you could actually earn money.
My income tax class in college was an open book exam because the professor said there is no point in memorizing anything because it will be different next year.
Posted on 3/1/16 at 12:18 am to shoelessjoe
Go see an accountant.
/thread
/thread
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