View Single Post
Old 03-24-2010, 11:54 AM  
JP-pornshooter
Confirmed User
 
Join Date: Sep 2006
Location: westcoast usa
Posts: 4,007
you can do it this way, and it is actually the recommended way.
open an "S" corp, set yourself up as an employee with a fixed monthly salary...
i am in california, my accountant recommended doing it this way as the IRS frays upon doing a straight S corp since it is/was a way for many realtors to avoid paying in payroll taxes.
the profits from an S corp goes into your pocket and you pay income tax on the profit, but not payroll tax (such as social seurity, unemployment etc).
__________________
"Obscenity is whatever gives the Judge an erection." -- Author Unknown
JP-pornshooter is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote