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  1. TaxGuy

    What do you intend to do? I got an EA b/c all I want to do is taxes. I don't need a CPA. I have...

    What do you intend to do? I got an EA b/c all I want to do is taxes. I don't need a CPA. I have learned through some of the programs that you don't need any license at all. In fact it might behoove you not to get it as you can focus on being a business owner(get the pros to work for your...
  2. TaxGuy

    Why You're Not An a**hole When You Charge High Rates

    Thank you for this! I am personally diving into this new marketplace(tax planning vs tax prep) and I'm inspired by my own purchases based on value... motorcycle gear and tech products. 1) I will pay top dollar for Alpinestars or Dainese gear bc the perceived cost of injuries sustained in a...
  3. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    Depends on how much you have to invest. If you read RE Taipan's post, specifically: That appears to be the threshold to where you want to start investing in restructuring your business. For initial startup though, you just want to make sure that you are setup in the proper state(i.e. the...
  4. TaxGuy

    Proof That There Was a Before(Video + Link)

    If you want to sell products on the internet talk to biophase and start doing your research(ie read EVERYTHING he posts about eCommerce). If you're looking to do drop-shipping, a good place to start is WorldWideBrands(WWB). They have a directory of suppliers that offer drop-shipping services...
  5. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    I think MJ's gonna use that in his next book... or if he does a 2nd Edition ;) It beats the explanation he already has as to why you need an Accountant with a Fastlane-mindset as opposed to just a "one-size fits all" Accountant.
  6. TaxGuy

    Proof That There Was a Before(Video + Link)

    It sure isn't, but atleast I'm on the good side of 30 ;) BTW how are you doing with your Fastlane goals? If only I would've found this place when I was 23 I'd be in a different boat. Then again, I was 24 when I started posting here and didn't really take full advantage of all the Fastlane had...
  7. TaxGuy

    Proof That There Was a Before(Video + Link)

    lol, 1 would not necessarily be achieved w/ 3. Making a roster doesn't necessarily get me to the $480k/yr minimum salary. I need to stay on a roster for the whole year to get that ;) Much like MJ though, I'd like to be a millionaire BEFORE going after my "dreams" that way I pursue being an MLB...
  8. TaxGuy

    Proof That There Was a Before(Video + Link)

    Ok, for anyone who knows me they know I've talked a big game for the last 4yrs I've been on Fastlane yet haven't really backed it up until recently. Now I'm taking it to the next level. I have set 3 life-changing goals that I intend to accomplish in the next 5yrs. They are: 1) 1m Net-Worth 2)...
  9. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    Already rep'd you for this. Thanks so much for giving a real business owner's perspective as opposed to my "shameless self-promotional" POV ;) So this is why they pay so little in taxes. I figured it was b/c their "imagination at work" in investing in Wind energy and getting a ton of tax...
  10. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    I'm sorry, I'm not following your response. Please explain?
  11. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    Yes. Taxation is usually based on where the income is derived which is tricky for online businesses and it takes a tax professional to prove in the case of Nexus that your income is derived from the states with the most favorable state income tax laws, i.e. if you live in MN, a majority of your...
  12. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    Good questions, to answer the first one, there is a fee for using LegalZoom so would you rather pay a "one size fits all service" or a "one size fits YOU service". This can be ANY competent income tax professional that you trust, either a CPA, Tax Attorney, EA, etc. As far as filling the forms...
  13. TaxGuy

    For All The Companies Who Don't Believe in "SUCS", There's...

    Wow Kasey, I should've checked this before I messaged you on FB! I just sent the Craigslist Ad copy that we are currently running that I was looking to get feedback on in the Private Forums, but couldn't b/c the forum spam filters :p
  14. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    lol, what state can you file for an LLC for "zero fees"? In AZ(where we're registered) it's $50 and IL(where we're from) it's $500(+$300 for name reservation if you need it). As RealOG once told me, you're paying $50 for the "hourly rate" and $150 for the years of...
  15. TaxGuy

    What State Should YOU Setup YOUR Online Business In?

    No, our fees start at $200 for business startups. It's like changing your oil, most people can do it themselves, but you've got more important things to do. It is important to make sure that the paperwork is filed properly! Either way, that's not what I was hoping to be the "take-away" from...

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