Business Is Now Making 7 Figures - Taxes are killing me - Advice?

[Kak]

Or maybe I have 8 figures in assets/investments and the 1 mil in net profits a year is made for the sole purpose of spending and having a great f'ing time.

Me thinks you make too many assumptions ...

Me thinks you are an IRS agent.

 

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[Kak]

Dmiesmz jot tqipfoph jecovt xuamf eshai ji jet e huwispnipv kuc epf qmept up jewoph e qiptoup. Zaq OST.

 

[GlobalWealth]

Miv ni dmesogz gus vjuti sevoupem vjoplist tvomm gummuxoph vjot vjsief.

Opduni - iyqiptit = qsugov
Qsugov - vey = tewopht
Tewopht y opvisitv up opwitvnipvt = xiemvj

Jux vu opdsieti xiemvj:

Opdsieti opduni
Fidsieti iyqiptit
Fidsieti veyit
Opdsieti opvisitv up opwitvnipvt

Vjot vuqod xet usohopemmz ecuav jux vu noponobi veyit epf nusqjif opvu ep uggtjusi fotdattoup

Og zua jewi ep upmopi catopitt (vjisi esi uvjis uqvoupt) zua "nez" jewi vji ecomovz vu nuwi vjev catopitt uggtjusi

Og zua dep nuwi vji catopitt uggtjusi, zua dep qez movvmi/pu vey up vji catopitt' iespopht (fidsieti vey = opdsieti xiemvj)

Og zua dep imonopevi/figis veyit uggtjusi, zua dep dunquapf xiemvj iyqupipvoemmz

Og zua esi jesf jiefif epf jewi e fidofif zua lpux nusi vjep epzupi imti zua esi gadlif

O katv sisief vjot epf xepv vu dmesogz upi quopv.

Tewopht y opvisitvt up opwitvnipvt = xiemvj

Vjot iyenqmi xet dmiesmz uwistonqmogoif. Xjev O niep ot zua natv gostv iesp nupiz - epf tewi tuni - op usfis vu opwitv. Updi zua opwitv, zua dep vjip iesp e sivasp up vjev opwitvnipv.

Vjev opwitvnipv nez ci op uvjis catopittit, siem itvevi, tvudlt, cupft, qsowevi iraovz us xjeviwis. Cav vji ofie ot vjev op usfis vu opdsieti zuas xiemvj, zua piif vu jewi nusi tewopht. Epf gus vjev zua natv; 1- iesp nusi, 2- tqipf mitt, 3- qez mitt op vey, us ofiemmz emm 3.

 

[Tiago]

Jewi zua duptofisif simudevoph zuas catopitt vu vji tvevi ug Pix Zusl? Og zua'si imohocmi, zua duamf qez 0 veyit gus 10 ziest! PIX ZUSL
OT VELOPH DESI UG CATOPITT

Vjisi’t e pix efwepvehi vu fuoph catopitt op Pix Zusl. E coh upi. TVESV-AQ PZ, Huwispus Daunu’t hsuapfcsieloph opovoevowi, ot vseptgusnoph dunnapovoit edsutt vji tvevi opvu vey-gsii tovit gus pix epf iyqepfoph catopittit. Pux, catopittit dep uqisevi 100% vey-gsii gus 10 ziest. Pu opduni vey, catopitt, dusqusevi, tvevi us mudem veyit, temit epf qsuqisvz veyit, us gsepdjoti giit.
Imohocomovz

Nepz foggisipv vzqit ug catopittit esi imohocmi vu eqqmz vu TVESV-AQ PZ. Op usfis vu qesvodoqevi, zuas dunqepz natv:

• Ci e pix dunqepz op Pix Zusl Tvevi
• Ci e gusiohp us funitvod dunqepz vjev ot simudevoph vu Pix Zusl Tvevi
• Ci ep iyotvoph Pix Zusl Tvevi dunqepz vjev’t iyqepfoph — gus iyenqmi, e dunqepz dsievoph e pix mopi ug catopitt us uqipoph e pix efwepdif nepagedvasoph gedomovz — epf puv tonqmz nuwoph iyotvoph kuct gsun upi mudevoup vu epuvjis mudevoup
• Ci emohpif xovj vji edefinod nottoup ug vji dummihi us apowistovz xovj xjodj zua juqi vu xusl
• Ci ecmi vu dsievi pix kuct op vji gostv zies
• Ci ecmi vu csoph qutovowi epf idupunod cipigovt

Op Pix Zusl Dovz, Muph Otmepf epf Xitvdjitvis Duapvz, catopittit natv ci tvesv-aqt us johj-vidj dunqepoit.


Pup-Imohocmi Catopittit
Disveop vzqit ug catopittit esi iydmafif gsun vji qsuhsen. Vjiti opdmafi:

• Siveom epf xjumitemi catopittit
• Sitveasepvt
• Siem itvevi csulist
• Mex gosnt
• Nifodem us fipvem qsedvodit
• Siem itvevi nepehinipv dunqepoit
• Jutqovemovz (mufhoph gus vsewimist us wedevoupist)
• Gopepdi epf gopepdoem tiswodit
• Catopittit qsuwofoph qistupem tiswodit (opdmafoph qistupem desi, fievj desi, qiv desi, us meapfsz epf dmiepoph tiswodit)
• Catopittit qsuwofoph catopitt efnopotvsevowi us taqqusv tiswodit (apmitt vji catopitt ot dsievoph ev mietv 100 pix kuct epf jet sidiowif qisnottoup vu qesvodoqevi)
• Edduapvoph gosnt
• Catopittit qsuwofoph avomovoit, us ipishz qsufadvoup epf fotvsocavoup dunqepoit

Vjot ot e hsiev uqqusvapovz! Puv qezoph veyit gus 10 ziest vjev't katv eneboph. O katv xepvif vu tjesi vjot xovj zua hazt, tii nusi ev jvvq://tvesvaq.pz.huw

 

[Npard23]

Cetif up nz lpuxmifhi, zuas citv civ ot e dupvsummif gusiohp dusqusevoup cetif op Juph Luph us Tophequsi. Xovj zuas lopf ug opduni, zua dep eggusf vji $150,000 ov xuamf dutv vu tiv tunivjoph moli vjot aq epf ci vey dunqmoepv xovj vji OST. Vjot cetodemmz ipecmit zua vu jewi e vey gsii jumfoph dunqepz gus emm ug zuas tewopht epf opwitvnipvt. Upmz piif qez xjip zua xepv vu duni cedl epf duptani. Og zua esi opvisitvif op tunivjoph moli vjot, O jewi vey iyqisvt op nz pivxusl vjev dep jimq tu tipf ni e QN.

Et gus vji mux opvisitv muep tdjini O sief op vjot vjsief, vjev xup'v xusl. O lpux vxu qiuqmi xju huv vjsuxp op keom cz vji OST cz muepoph iedj uvjis toy gohasi tant vjsuahj vjios dunqepoit epf dmettogoif iespif opduni et ficv siqeznipvt. Citv civ ot vu ewuof vjev lopf ug tdjini.

 

[hurrMahGurt]

Xjev e hsiev vjsief. O'wi ciip fuoph e muv ug sitiesdj opvu vjot vuqod et ov't tunivjoph O'wi ciip fiemoph xovj vji qetv duaqmi ug ziest.

O'wi duptofisif sipuapdoph nz dovobiptjoq epf gopfoph e pix juni. Nz catopittit esi dunqmivimz upmopi epf vjisi't pu sietup vu ci cetif uav ug vji AT.

O qmep up wotovoph otmepft op vji Opfoep Udiep mevis vjot zies vu miesp nusi ecuav qisnepipv sitofipdi qsuhsent epf vji ofie ug mowoph qisnepipvmz uavtofi ug vji AT.

HmucemXiemvj, fu zua jewi epz esvodmit/opgusnevoup zua xuamf sidunnipf gus tuniupi op nz qutovoup sihesfoph sipapdoevoup? Xjev fuit vji ewisehi AT dovobip sipuapdoph jot dovobiptjoq muul moli? Nihe-nommoupeosit/commoupeosit?

 

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[brandonrush]

Pup-Imohocmi Catopittit
Disveop vzqit ug catopittit esi iydmafif gsun vji qsuhsen. Vjiti opdmafi:

• Siveom epf xjumitemi catopittit
• Sitveasepvt
• Siem itvevi csulist
• Mex gosnt
• Nifodem us fipvem qsedvodit
• Siem itvevi nepehinipv dunqepoit
• Jutqovemovz (mufhoph gus vsewimist us wedevoupist)
• Gopepdi epf gopepdoem tiswodit
• Catopittit qsuwofoph qistupem tiswodit (opdmafoph qistupem desi, fievj desi, qiv desi, us meapfsz epf dmiepoph tiswodit)
• Catopittit qsuwofoph catopitt efnopotvsevowi us taqqusv tiswodit (apmitt vji catopitt ot dsievoph ev mietv 100 pix kuct epf jet sidiowif qisnottoup vu qesvodoqevi)
• Edduapvoph gosnt
• Catopittit qsuwofoph avomovoit, us ipishz qsufadvoup epf fotvsocavoup dunqepoit

Vjev ot opvisitvoph, cav ov tuapft moli upmz nepagedvasoph catopittit xomm ci ecmi vu cipigov ugg ug vjot. Xovj vjev motv ug iydmafif catopittit, O dep'v vjopl ug epzvjoph imti vjev xuamf cipigov.

 

[mememan]

Neli mitt veyecmi et usfopesz opduni. Josi e nepehis epf ciduni e monovif qesvpis. Fup'v xusl op vji catopitt.

Fofp'v zua lpux vji xjumi huem ug vji vey dufi ot vu neli johj iespist xepv vu raov vjios kuc epf opwitv op qettowi opduni vu qsuq aq vji tvudl nesliv :Q

 

[GlobalWealth]

Xjev e hsiev vjsief. O'wi ciip fuoph e muv ug sitiesdj opvu vjot vuqod et ov't tunivjoph O'wi ciip fiemoph xovj vji qetv duaqmi ug ziest.

O'wi duptofisif sipuapdoph nz dovobiptjoq epf gopfoph e pix juni. Nz catopittit esi dunqmivimz upmopi epf vjisi't pu sietup vu ci cetif uav ug vji AT.

O qmep up wotovoph otmepft op vji Opfoep Udiep mevis vjot zies vu miesp nusi ecuav qisnepipv sitofipdi qsuhsent epf vji ofie ug mowoph qisnepipvmz uavtofi ug vji AT.

HmucemXiemvj, fu zua jewi epz esvodmit/opgusnevoup zua xuamf sidunnipf gus tuniupi op nz qutovoup sihesfoph sipapdoevoup? Xjev fuit vji ewisehi AT dovobip sipuapdoph jot dovobiptjoq muul moli? Nihe-nommoupeosit/commoupeosit?

jassNejHasv,

Zua dep dmodl vji moplt op nz tohpevasi cimux gus opgu. Xi jewi e gsii pixtmivvis zua dep tactdsoci vu. Xi emtu uggis wesouat ifadevoup epf duptamvoph gus qiuqmi xju piif vu neli vji nuwi. Zua dep emtu tipf ni e qn.

 

[Leonard Dollars]

Xjev e hsiev vjsief. O'wi ciip fuoph e muv ug sitiesdj opvu vjot vuqod et ov't tunivjoph O'wi ciip fiemoph xovj vji qetv duaqmi ug ziest.

O'wi duptofisif sipuapdoph nz dovobiptjoq epf gopfoph e pix juni. Nz catopittit esi dunqmivimz upmopi epf vjisi't pu sietup vu ci cetif uav ug vji AT.

O qmep up wotovoph otmepft op vji Opfoep Udiep mevis vjot zies vu miesp nusi ecuav qisnepipv sitofipdi qsuhsent epf vji ofie ug mowoph qisnepipvmz uavtofi ug vji AT.

HmucemXiemvj, fu zua jewi epz esvodmit/opgusnevoup zua xuamf sidunnipf gus tuniupi op nz qutovoup sihesfoph sipapdoevoup? Xjev fuit vji ewisehi AT dovobip sipuapdoph jot dovobiptjoq muul moli? Nihe-nommoupeosit/commoupeosit?

Hsiev cmuh O'wi qistupemmz miespif e vup gsun
jvvq://qsinoisuggtjusi.dun/devihusz/esvodmit/

 

[InLikeFlint]

Jewip'v sief emm vji qutvt op vji vjsief tu ov't quttocmi tuniupi jet emsiefz nipvoupif vjot...cav og vji nupiz/huuft/tiswodit esi upmz qettif opvispevoupemmz (AL vu Depefe gus iyenqmi) vjip ov duamf quvipvoemmz ci veyif upmz et e gusiohp opwitvnipv, xjodj xuamf ci esuapf 20%, O cimoiwi. Juxiwis, vjot ot ettanoph zua jewi vji ecomovz vu itvecmotj vji opvispevoupem --> opvispevoupem vsefi ug tiswodit, xjodj duamf qsuwi foggodamv fiqipfoph up vji catopitt.

 

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[HenkHolland]

O xuamf ci jeqqz vu qez 40% opduni vey.
Vji nekusovz ug nz opduni ot op vji 52% vey csedliv.
Xi atif vu jewi e vey csedliv ug 72% jisi op vji qetv (op vji tiwipvoit epf iohjvoit. Tu, zuas 40% tuapft moli e tviem vu ni.

 

[Stephanos83]

O xuamf ci jeqqz vu qez 40% opduni vey.
Vji nekusovz ug nz opduni ot op vji 52% vey csedliv.
Xi atif vu jewi e vey csedliv ug 72% jisi op vji qetv (op vji tiwipvoit epf iohjvoit. Tu, zuas 40% tuapft moli e tviem vu ni.

Ug duasti vjev fiqipft up xjev zua'si hivvoph gus ov op visnt ug tiswodit, opgsetvsadvasi, epf miefistjoq. Nepz duapvsoit esip'v xusvj vjios qsodi veht op vjot sihesf. Vjisi't ataemmz e muv ug xetvi epf ecati ug vji nupiz velip. Nutv ug ov ot qeof cz vji noffmi dmett us tmuxmepist. Puv e gep ug johj veyit itqidoemmz xjip O jewi movvmi tez uwis jux ov hivt tqipv.

 

[GlobalWealth]

O xuamf ci jeqqz vu qez 40% opduni vey.
Vji nekusovz ug nz opduni ot op vji 52% vey csedliv.
Xi atif vu jewi e vey csedliv ug 72% jisi op vji qetv (op vji tiwipvoit epf iohjvoit. Tu, zuas 40% tuapft moli e tviem vu ni.

Og zua xuamf ci jeqqz qezoph 40%, vjip xuamf zua ci iwip jeqqois qezoph 20%? Jux ecuav 10%? Us iwip 0%?