ST Alpha - "If I'm doing the math right, it's a wash or a small increase in 2018. But, if I start a new LLC by the end of the year ..." (Reading a Post)

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In response to "I fear I'm messing something up, but my napkin math of 2016 (actual return) and 2017 (estimated return) under current law vs both bills" by ty97

If I'm doing the math right, it's a wash or a small increase in 2018. But, if I start a new LLC by the end of the year ...

Posted by ReluctantCynic (aka ReluctantCynic) Dec 2 '17, 11:38

I could get a substantial cut in the taxes I owe.

But I still hate this wretched bill.

Responses:

I have an S Corp, what does that do for me? -- nm - Bacon Dec 2, 11:42 4
- You could have a closed LLC, with all the youtube stuff and especially if you expand in that direction. Set it in up in WY and it's pretty cheap. - Flavorize Dec 2, 11:49 1
  - I am already setup as an Oregon S Corp, but I need to hire an accountant to figure this shit out. Just let me dodge, uh er, business expense my - Bacon Dec 2, 12:00
- Ask your corporate Slawyers - ty97 Dec 2, 11:43 1
  - That joke just gave me diarrhea -- nm - Bacon Dec 2, 11:43
Hmmm, can I become an LLC? :) -- nm - ty97 Dec 2, 11:39 3
- Yes you can! - ReluctantCynic Dec 2, 11:54 2
  - How would that work since I'm not self-employed? -- nm - ty97 Dec 2, 11:59 1
    - I'm not self-employed either, but anyone can tuck away a bunch of expenses in a side-gig. - ReluctantCynic Dec 2, 12:14

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