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qikcpa qikcpa is offline
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Join Date: Dec 2003
Location: atlanta
Posts: 272
Garage
huntington beach and studio city. Sounds like you need a good Mom & Pop CPA. As I mentioned you should look into an S-corp for your wife. without being too agressive you can save 1/2 of the self employment tax on your/her tax return. Keep in mind the s-corp (unlike a c-corp) doesnt pay income tax so there is no double taxation issue. Its a great deal. Incorporation should run you about $600. and you can save up to $6 or $7k in taxes per year (depending on income)
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76/3.0 tarcabvertible
64 corvette conv.
72 Alfa GTV
79 Jeep Cherokee Chief
Old 08-30-2004, 06:22 PM
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