|
Form an LLC, and get the Federal ID from the feds. Open a BANK account, with only the assets of the LLC in that account. Keep track of any purchase for items needed by the house. Keep records of every single purchase and income. Have a CPA do the quarterly taxes. And get this, the 4 quarters are NOT even 3 months! Two quarters are 4 months long and 2 are just two months long. Only our crazy congress can decide 1/4 of 12 = 2 or 4.
__________________
Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
|