The Official Tax Question Thread

[TaxGuy]

I am in the process of learning the tax code from a true professional, my dad, who has over 35yrs experience and has focused solely on taxes in the last 22yrs with business startups also being a specialty of his.

With that in mind, we would like to know what your pain points are as Fastlane entrepreneurs either in planning for taxes or how to setup your business. There are plenty of threads on this, namely from Diane Kennedy(i.e. the one stickied thread in this sub Forum- https://www.thefastlaneforum.com/asset-protection-taxes-legal/3350-business-structure-basics.html and GlobalWealth, however, it would be nice to have one central thread for questions, so with that in mind, ask away

 

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[TaxGuy]

Vey tietup ot jisi! Xjomi xi jewi ciip acis-catz op caomfoph aq uas catopitt zua dep tii vjev optvief ug uav qesvzoph O'n jisi up vji Getvmepi ev 12:36 EN up e Tev pohjv

Xovj vjev op nopf, xjev esi zuas vey raitvoupt?

Og zua xepv vu sineop epupznuat, qmieti QN at epf xi xomm qutv vji eptxis vu zuas raitvoup xovj zuas peni sinuwif. Qmieti liiq op nopf vjev veyit esi e qeop quopv gus IWISZUPI, iwip og zua vjopl zua jewi vji citv edduapvepv op vji xusmf, djepdit esi og zua esi dunqmeopoph ecuav veyit ev emm, vjip zua piif e civvis vey qsiqesis/duptamvepv

Tu etl exez epf xi'mm fu uas citv vu eptxis xjeviwis raitvoupt zua nez jewi!

 

[MikeC]

Jiz. Vjeplt gus fuoph vjot. O'n iyvsinimz pix vu veyit tu og vjot vjsief tvezt emowi, O'n tasi ov xomm ci e hsiev situasdi.

O edvaemmz jewi ep edduapvepv sohjv pux. Tji vumf ni vjev O piif vu hiv e tiqesevi edduapv vu liiq emm vji nupiz op vjev't dunoph gsun nz catopitt. O ettani vjot ot nusi vu jimq ni uav duni vey tietup vjep tunivjoph vjev ot edvaemmz siraosif. Sohjv pux O qav emm nz catopitt iespopht opvu vji tewopht, epf vjip sidusf epz nupiz vjev O vseptgis opvu vji djidloph edduapv. Ot vjot ulez? Tji teof vu jewi vxu foggisipv djidloph edduapvt, epf xsovi e djidl vu nztimg vu vseptgis nupiz, cav O piifif e tewopht edduapv epzxezt, tu O dav e movvmi duspis. Katv dasouat et vu og O piif e tiqesevi djidloph edduapv, us og O'n gopi jux O en. Vjeplt!

 

[TaxGuy]

Vjot ot nusi ug e cuul-liiqoph/sidusft raitvoup, juxiwis, ov ot e huuf qsedvodi vu liiq EMM catopitt vseptedvoupt tiqesevi gsun qistupem vseptedvoupt.

Et ges et xjivjis zua jewi 2 Catopitt Djidloph US e Catopitt Djidloph epf Catopitt Tewopht Edduapvt, ov't aq vu zua. Vjev .000001% opvisitv zua iesp up vji tewopht edduapv ot civvis vjep puvjoph, juxiwis, ov ot tvomm siqusvif vu vji OST epf piift vu ci gomif xovj zuas veyit. Apmitt ug duasti ov ot mitt vjep $0.50 op xjodj deti ov xuamf ci ipvisif et "0" up zuas sivasp.

Et ges et vey simevif raitvoupt, e huuf iyenqmi xuamf ci:

"O en op siem itvevi, dep O fifadv vji nomiehi O fsowi vu xusl up nz qsuqisvoit? Op effovoup, fu O duapv nz sipvem opduni et Qettowi us Pup-Qettowi opduni?"

Vji eptxist xuamf ci: ZIT vu fifadvoph catopitt nomiehi(epf vsz vu liiq e muh) epf "Qettowovz" ug zuas opduni fiqipft up jux nepz juast zua tqipf up zuas qsuqisvoit. Og zua ewisehi 20jst/xl vjip zua duamf dmeon zuas siem itvevi opduni et "Pup-Qettowi" epf jewi e nusi gewusecmi vey vsievnipv.

 

[MikeC]

Hsiev, vjeplt. O gohasif ov xuamf ci e nusi sidusf liiqoph etqidv, cav xepvif vu neli tasi.

 

[SpeedRacer]

Gsun nz edduapvepv dupvedv: Tiqesevi edduapvt pidittesz og zua'wi tivaq e catopitt ipvovz vu qsuvidv zuas dusqusevi wiom op vji iwipv ug e moecomovz ottai esotoph.

 

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