1. Yes, you can avoid double taxation, such as by trying to pay out all your profits as salary. However, if you do that, why have the corporation in the first place?
2. Pray tell, what write offs can corporations get that individual proprietors or tax partnerships cannot get?
Hint: You are in over your head here. In addition to everywhere else lol...
How about if you don't want to share anything, then just don't post? You're shitting up the thread.
Highly doubt you have anything to contribute anyways. The one link you posted is some small time stuff everyone already knows, with a click bait title.
When you establish C Corp, you can elect to report as either C or S Corp and switch back and forth. I appreciate the link you posted, but you got to chill out.you avoid double taxation by establishing an S corp - really no reason to have a C corp.
Moving to a low tax jurisdiction may indeed save you on state taxes, but will not save you anything material in federal income taxes. I think you know that just wanted to make sure. Trump more/less eliminated the federal income tax deduction for state taxes a few years back.
everyone knows but qlai was askin for links. But ya everyone knows right? you are a clown.
Shut the fuck up
You keep saying to use an S corp or llc, but you never explained how this creates any benefit for taxes.
Let's try this one more time.I gave enough information for someone to use their little fingers and type into google "what is an llc"
How fucking hard is that? I dont sit here and spoon feed grown ass adults who come on a trading forum and think they are so fucking smart but cant type into google to answer their question once they are pointed in the right direction.
If i was talking about something ambiguous or that had no clear cut explanations then that is a different story.
Let's try this one more time.
Without telling anyone to educate themselves or use google, please explain how using a pass through entity is relevant to qlai's question or anything else in this discussion.
I'm quite sure that it's not, but by all means go ahead and prove me wrong, let's see what you have to say. If your whole point was you can deduct depreciation on your trading PC (and a few other deductions) I'm going to have a good laugh.
lmao, pretty much exactly the response I expected from you. You got nothing, loser.My job isnt trying to qualify myself to some fuckin idiot who cant follow a convo. Kill yourself.
lmao, pretty much exactly the response I expected from you. You got nothing, loser.