Re: Just got off the phone with my new CPA...
Hi MrMoo,
Of course if everything goes well I will PM you with the info. Maybe we can get a 2+2 group discount.... [img]/images/graemlins/grin.gif[/img] |
Re: Just got off the phone with my new CPA...
Sorry if I was unclear:
I meant that he said that the total taxes to pay would be 50% of the total won, not that only the first 50% of the winnings are taxed. i.e. won 150,000 pay 75,000 in taxes And he said that would be worst case if you won a lot. I think he was just trying to give me an upper bound. But he said 30% was more likely the number. Of course these are rough estimates. It seems a more thorough analysis is needed to get the exact percentage of the winnings which should be payed as taxes. |
Re: Just got off the phone with my new CPA...
but 50% is so insanely high...that's what caught my attention.
also - if he doesn't talk in terms of deductions that you could/shoulud be making then you should probbly go somewhere else. |
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