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My tax liability this year might be $250k unless I come up with something
Poast new message in this thread
Date: September 24th, 2025 9:33 PM Author: Histrionic rebellious organic girlfriend Income about a million this is SP
Should I just leave a lot in the firm? |
Date: September 24th, 2025 9:35 PM Author: honey-headed cracking corner Good luck bro taxes are evil (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49299981) |
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Date: September 24th, 2025 9:37 PM Author: Histrionic rebellious organic girlfriend Yeah it’s topping out over a million in income but I have a note to pay back and then taxes I guess. I dunno I need an accountant. What I do know is I’m paying off my house my cars my student debt and putting the rest in some vanguard stuff Im definitely rolling w this team for the foreseeable future |
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Date: September 24th, 2025 9:39 PM Author: honey-headed cracking corner What’s your job? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49299996) |
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Date: September 24th, 2025 9:41 PM Author: Histrionic rebellious organic girlfriend Law firm partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300000) |
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Date: September 24th, 2025 9:43 PM Author: honey-headed cracking corner Are you hiring? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300005) |
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Date: September 24th, 2025 9:43 PM Author: Histrionic rebellious organic girlfriend Yes.
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Date: September 24th, 2025 9:50 PM Author: honey-headed cracking corner What are of law? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300037) |
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Date: September 24th, 2025 9:53 PM Author: Histrionic rebellious organic girlfriend Anything that makes 1/3 to 40 percent worth it on good claims. So PI med mal product liability premises stuff. Very good interesting and fun Problem always is that associates who say they want litigation work always puss out and just want to screw around so are not helpful in the end |
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Date: September 24th, 2025 9:53 PM Author: honey-headed cracking corner PI? That’s not really my thing. I’m Ryan Sun, Esq. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300076) |
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Date: September 24th, 2025 9:59 PM Author: Histrionic rebellious organic girlfriend Okay. Well I answered your question (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300146) |
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Date: September 25th, 2025 11:15 AM Author: Adventurous Walnut Chapel French Chef (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302060) |
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Date: September 25th, 2025 11:17 AM Author: unholy step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302071) |
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Date: September 24th, 2025 9:41 PM Author: Green Ungodly Trust Fund House I have a similar problem. Does buying a nice office building or something reduce it? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300001) |
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Date: September 24th, 2025 9:43 PM Author: Histrionic rebellious organic girlfriend I think so. Apparently that is legit. I had that offered to me at one point many years ago— to go into part ownership on real estate. I passed because the guy I was doing domestic law w wanted me to commit to 5 years of custody horseshit first. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300006) |
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Date: September 24th, 2025 9:53 PM Author: Green Ungodly Trust Fund House Seems like a good idea tbh (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300068) |
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Date: September 24th, 2025 10:00 PM Author: Histrionic rebellious organic girlfriend Great you do five years of custody disputes among 30 year olds sounds like a winner ps don’t buy a gun (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300153) |
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Date: September 24th, 2025 10:31 PM Author: Green Ungodly Trust Fund House I mean buying a building (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300382) |
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Date: September 24th, 2025 10:51 PM Author: Histrionic rebellious organic girlfriend oh fpr sure
black mold is a bitch |
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Date: September 24th, 2025 9:57 PM Author: Lake Parlor Hunting Ground Just 250k? I paid $200 on 600k in income last year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300129) |
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Date: September 24th, 2025 10:01 PM Author: Histrionic rebellious organic girlfriend Yeah it’s like $900k and I am married but I just realized I have to pay taxes on $100k I pay for note first. So add that in too taxes on a million. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300168) |
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Date: September 24th, 2025 10:34 PM Author: Bright wild sound barrier Aren’t you LIB AS FUCK
why don’t u pay YOUR FAIR SHARE |
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Date: September 25th, 2025 11:07 AM Author: Abusive Canary Windowlicker (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302042) |
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Date: September 25th, 2025 2:08 PM Author: Curious yapping bawdyhouse reading party (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302544) |
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Date: September 24th, 2025 10:35 PM Author: Cream new version affirmative action Spaceporn is a partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300399) |
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Date: September 24th, 2025 10:50 PM Author: Histrionic rebellious organic girlfriend duh. could that mean the people here who post bullshit about SP like they are paid to do it are lying about me in other ways? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300449) |
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Date: September 24th, 2025 11:02 PM Author: Cream new version affirmative action Is your law firm ok with you using racial slurs on AutoAdmit? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300467) |
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Date: September 24th, 2025 11:03 PM Author: Histrionic rebellious organic girlfriend Ask Boner Police circa 2019 (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300470) |
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Date: September 24th, 2025 11:10 PM Author: motley marketing idea play heads-up poker with me, lose big, write off the losses, and then we'll do it again next year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300481) |
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Date: September 24th, 2025 11:11 PM Author: Histrionic rebellious organic girlfriend Ask me in three years (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300483) |
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Date: September 24th, 2025 11:12 PM Author: Excitant Infuriating Mother I see no indication here that you are anything other than a 20th-year associate https://emrochandkilduff.com/attorneys/ |
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Date: September 24th, 2025 11:13 PM Author: Histrionic rebellious organic girlfriend Crazy right? I literally own the website and could make changes if m y. Shift was at issue. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300487) |
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Date: September 24th, 2025 11:14 PM Author: Excitant Infuriating Mother sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300488) |
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Date: September 24th, 2025 11:16 PM Author: Histrionic rebellious organic girlfriend Omg reality is all online amirite? Face it you were gullible listening to the obvious retards |
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Date: September 24th, 2025 11:19 PM Author: Excitant Infuriating Mother sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300497) |
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Date: September 24th, 2025 11:17 PM Author: Bistre very tactful toilet seat hissy fit he has ostensibly been a full-fledged “partner” for years but for some reason was completely oblivious to k-1 statements until just now. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300491) |
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Date: September 24th, 2025 11:17 PM Author: Excitant Infuriating Mother odd case, very interesting! (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300492) |
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Date: September 24th, 2025 11:24 PM Author: Histrionic rebellious organic girlfriend Don’t even know what that is fancy pants because I have not had a tax liability of $250k before. If you have legit advice on OP topic feel free (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300504) |
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Date: September 25th, 2025 10:51 AM Author: big-titted chartreuse turdskin i am not questioning that your income is what you say it is, but there's no way you wouldn't be familiar with how a k-1 works if you'd been a "true" partner before this year. i remember getting my first one in biglol back in 2018 and i was like what is all this 50 pages of bullshit that makes no sense, i'm used to a one-page W-2. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302006) |
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Date: September 25th, 2025 11:10 AM Author: Smoky Skinny Woman “Should I just leave a lot in the firm” to lower my tax bill tp
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Date: September 25th, 2025 11:19 AM Author: big-titted chartreuse turdskin you can just write it off (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302081) |
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Date: September 25th, 2025 3:05 PM Author: Histrionic rebellious organic girlfriend Is that bad? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302701) |
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Date: September 25th, 2025 11:17 AM Author: unholy step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302073) |
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Date: September 25th, 2025 12:10 AM Author: big-titted chartreuse turdskin 180. I hope to get there one day but it’s unlikely. I should make around 600-700 next year tho. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49300580) |
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Date: September 25th, 2025 11:14 AM Author: indigo voyeur how is leaving money in the firm going to save you taxes? are you not a k-1 partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302059) |
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Date: September 25th, 2025 11:16 AM Author: Smoky Skinny Woman The firm doesn’t have a tax partner and so is formed as a C corp (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302068) |
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Date: September 25th, 2025 11:24 AM Author: indigo voyeur normally the strategy in that case would be to try to zero out corporate taxable income with compensation deductions (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302093) |
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Date: September 25th, 2025 11:34 AM Author: Fragrant Overrated School Cafeteria Genital Piercing What are good compensation deductions for that much money (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302122) |
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Date: September 25th, 2025 11:35 AM Author: indigo voyeur 🤔
wages? bonuses? |
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Date: September 25th, 2025 12:57 PM Author: floppy coldplay fan You pay out all profits in salaries/bonuses (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302355) |
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Date: September 25th, 2025 3:13 PM Author: Fragrant Overrated School Cafeteria Genital Piercing You can’t just build a $250k theater room in your office? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302734) |
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Date: September 25th, 2025 1:12 PM Author: Smoky Skinny Woman “No, no. You see if you leave it all in the corp then you can transform it into capital gain. Lower rates, no self employment taxes, and you can defer paying your personal taxes until you take the money out. It’s wins all around!”
[Your tax accountant stares at you in horror] |
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Date: September 25th, 2025 12:58 PM Author: Flesh ape OP is an idiot (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302360) |
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Date: September 25th, 2025 12:55 PM Author: big-titted chartreuse turdskin spaceporn, what is your retirement plan? you can do a self-employed 401k and put in like 66-67k. actually since you are over 50, you can add a few grand to that. if you're making that much, you should 100% be doing that. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302352) |
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Date: September 25th, 2025 3:07 PM Author: Histrionic rebellious organic girlfriend I was just going to stick like $200k into a vanguard account. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302709) |
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Date: September 25th, 2025 12:58 PM Author: House-broken Round Eye Ask your accountant about the "foreign exchange tax avoidance scam." You'll pay $0. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302361) |
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Date: September 25th, 2025 1:14 PM Author: big-titted chartreuse turdskin if i make equity next year, i have to start a "personal corporation". how ttt is this? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302408) |
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Date: September 25th, 2025 1:19 PM Author: House-broken Round Eye wym, that's the best possible tax avoidance, isn't it? (aside from the forex scam) (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302428) |
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Date: September 25th, 2025 1:20 PM Author: big-titted chartreuse turdskin i dunno, i think it looks dumb on the website.
i kinda regret leaving biglaw tbh but i was at a ttt biglaw firm |
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Date: September 25th, 2025 1:02 PM Author: Navy Abode Spend the money on a new son or 2 so you can deduct the purchase from your taxes (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302374) |
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Date: September 25th, 2025 1:17 PM Author: stirring partner if u have a corp then wtf arent u maxing on "expenses" (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302419) |
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Date: September 25th, 2025 3:08 PM Author: Histrionic rebellious organic girlfriend We was all scared. We are doing that more in 2026 no doubt (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302715) |
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Date: September 25th, 2025 1:20 PM Author: Smoky Skinny Woman SP’s admin: “Someone calling himself Ambassador Billy Long is on the line. He says he wants to talk to you about purchasing tribal tax credits?” (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302431) |
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Date: September 25th, 2025 1:41 PM Author: honey-headed cracking corner https://autoadmit.com/thread.php?thread_id=5777923&mc=55&forum_id=2
how did you earn an extra $400k in a week? you're at CSLG levels |
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Date: September 25th, 2025 1:50 PM Author: lime pervert Heavy car 100% depreciate Office building and renovation costs
Were my top 2 |
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Date: September 25th, 2025 1:54 PM Author: Wonderful shimmering piazza filthpig seems low, ive already had 190K withheld on 600k so far this year and i always end up owing more due to under withholding and dividends (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302517) |
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Date: September 25th, 2025 1:56 PM Author: Adventurous Walnut Chapel French Chef You're a wagecuck, not a rainmaker law partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302521) |
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Date: September 25th, 2025 1:58 PM Author: Wonderful shimmering piazza filthpig thats the difference (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302524) |
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Date: September 25th, 2025 2:06 PM Author: Adventurous Walnut Chapel French Chef (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302538) |
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Date: September 25th, 2025 2:00 PM Author: indigo voyeur why did op disappear once the tough questions started being asked (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302530) |
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Date: September 25th, 2025 2:07 PM Author: honey-headed cracking corner weird, that rarely happens around here (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302541) |
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Date: September 25th, 2025 2:10 PM Author: Adventurous Walnut Chapel French Chef no wifi in the playroom (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302554) |
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Date: September 25th, 2025 2:10 PM Author: Kink-friendly free-loading casino brethren I pay more tax as a doctor. I put about 50k into solo401k and another 40k in w2 401k, 457k. But that's about it, and that's not really a deduction... (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2...id#49302551) |