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Recent content by zbones

  1. zbones

    I know nothing about taxation. Help.

    QUESTION TAXES | REGS 
    In the US there are tax preparers and there are CPA's. I would recommend a CPA even though they're going to cost more. That's the bottom threshold in my mind. From there is depends on your risk tolerance. Do you want to take super aggressive stance, conservative stance, or the middle ground...
  2. zbones

    I know nothing about taxation. Help.

    QUESTION TAXES | REGS 
    Taxes are so broad in the US. For what you're looking for just google taxation of different business entities. FYI LLC is a legal entity, not a tax entity. For tax purposes an LLC can be taxed as a Sole Proprietor, partnership, or s-corp. My advice is to find a competent tax accountant, keep...
  3. zbones

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    Just finished reading Unscripted. Lots of nuggets in there on entrepreneurship for sure.
  4. zbones

    2024 State Tax Rankings... Time for You to Move?

    HOT! TAXES | REGS 
    The US is dizzying. Texas is a great example how even within a state/city taxes can vary widely. Had family buy a house in texas and decided to live one county over from where they wanted because they would save >$10k in property tax. Like literally less than a mile difference and they were...
  5. zbones

    Accrual Accounting Question

    TAXES | REGS 
    Lot of depends here if you're based in the US. If you're set up as C-Corp then you will need to dive into the IRS rules here. However, if you're set up as a pass through entity (S-corp, partnership, sole proprietor) and you're income is under an aggregate of $26million from the past 3 years you...
  6. zbones

    Aloha, chronic chaser of shiny things looking to settle down

    INTRO 
    First off thank you MJ for setting up such a great on boarding experience to the forum and actually making me want to contribute and post. I'm joining from Canada, but have lived abroad in the US and Central America. I read the Millionaire Fastlane several years ago and I checked out the forum...
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