#71
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Re: S-Corp is the way to go.....umm maybe not.....
[ QUOTE ]
He is a Gamecock first and formeost, and then a TarHeel (oh the shame of it all). [/ QUOTE ] Is that allowed in the Carolinas? [img]/images/graemlins/ooo.gif[/img] |
#72
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Re: S-Corp is the way to go.....umm maybe not.....
Well Jarid, you talk about acct's like i do lawyers.... necessary evils...
Thanks for helping this dude out. Also, since this isnt "work" related but misc. income there will be no self-employment tax - so that will save him 15% - the tax bite will be at his marginal tax rate - and may screw up some phased out deductions if his other "real" income is too high - ie his AGI - is in excess of about 150K. its the price of sucess - also - unless he will face state taxes as well. And gc is correct - im a gamecock! first and foremost. Regards |
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