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My tax liability this year might be $250k unless I come up with something
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Date: September 24th, 2025 9:33 PM Author: Lavender state incel Income about a million this is SP
Should I just leave a lot in the firm? |
Date: September 24th, 2025 9:35 PM Author: disturbing black woman office Good luck bro taxes are evil (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49299981) |
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Date: September 24th, 2025 9:37 PM Author: Lavender state incel 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: disturbing black woman office What’s your job? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49299996) |
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Date: September 24th, 2025 9:41 PM Author: Lavender state incel Law firm partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300000) |
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Date: September 24th, 2025 9:43 PM Author: disturbing black woman office Are you hiring? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300005) |
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Date: September 24th, 2025 9:43 PM Author: Lavender state incel Yes.
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Date: September 24th, 2025 9:50 PM Author: disturbing black woman office What are of law? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300037) |
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Date: September 24th, 2025 9:53 PM Author: Lavender state incel 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: disturbing black woman office PI? That’s not really my thing. I’m Ryan Sun, Esq. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300076) |
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Date: September 24th, 2025 9:59 PM Author: Lavender state incel Okay. Well I answered your question (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300146) |
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Date: September 25th, 2025 11:15 AM Author: Glittery stead (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302060) |
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Date: September 25th, 2025 11:17 AM Author: bull headed station travel guidebook (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302071) |
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Date: September 24th, 2025 9:41 PM Author: Impressive Sexy Chapel Mental Disorder 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=2Reputation#49300001) |
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Date: September 24th, 2025 9:43 PM Author: Lavender state incel 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=2Reputation#49300006) |
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Date: September 24th, 2025 9:53 PM Author: Impressive Sexy Chapel Mental Disorder Seems like a good idea tbh (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300068) |
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Date: September 24th, 2025 10:00 PM Author: Lavender state incel 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=2Reputation#49300153) |
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Date: September 24th, 2025 10:31 PM Author: Impressive Sexy Chapel Mental Disorder I mean buying a building (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300382) |
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Date: September 24th, 2025 10:51 PM Author: Lavender state incel oh fpr sure
black mold is a bitch |
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Date: September 24th, 2025 9:57 PM Author: Galvanic dark old irish cottage Just 250k? I paid $200 on 600k in income last year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300129) |
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Date: September 24th, 2025 10:01 PM Author: Lavender state incel 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=2Reputation#49300168) |
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Date: September 24th, 2025 10:34 PM Author: 180 brunch 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: Beady-eyed sepia senate (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302042) |
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Date: September 25th, 2025 2:08 PM Author: blathering kitty cat police squad (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302544) |
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Date: September 24th, 2025 10:35 PM Author: irradiated purple digit ratio Spaceporn is a partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300399) |
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Date: September 24th, 2025 10:50 PM Author: Lavender state incel 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=2Reputation#49300449) |
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Date: September 24th, 2025 11:02 PM Author: irradiated purple digit ratio Is your law firm ok with you using racial slurs on AutoAdmit? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300467) |
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Date: September 24th, 2025 11:03 PM Author: Lavender state incel Ask Boner Police circa 2019 (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300470) |
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Date: September 24th, 2025 11:10 PM Author: Wonderful Casino Circlehead 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=2Reputation#49300481) |
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Date: September 24th, 2025 11:11 PM Author: Lavender state incel Ask me in three years (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300483) |
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Date: September 24th, 2025 11:12 PM Author: nofapping coral den 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: Lavender state incel 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=2Reputation#49300487) |
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Date: September 24th, 2025 11:14 PM Author: nofapping coral den sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300488) |
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Date: September 24th, 2025 11:16 PM Author: Lavender state incel 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: nofapping coral den sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300497) |
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Date: September 24th, 2025 11:17 PM Author: Bat shit crazy anal church building 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=2Reputation#49300491) |
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Date: September 24th, 2025 11:17 PM Author: nofapping coral den odd case, very interesting! (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300492) |
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Date: September 24th, 2025 11:24 PM Author: Lavender state incel 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=2Reputation#49300504) |
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Date: September 25th, 2025 10:51 AM Author: swashbuckling base 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=2Reputation#49302006) |
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Date: September 25th, 2025 11:10 AM Author: marvelous becky idea he suggested “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: swashbuckling base you can just write it off (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302081) |
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Date: September 25th, 2025 3:05 PM Author: Lavender state incel Is that bad? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302701) |
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Date: September 25th, 2025 11:17 AM Author: bull headed station travel guidebook (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302073) |
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Date: September 25th, 2025 12:10 AM Author: swashbuckling base 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=2Reputation#49300580) |
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Date: September 25th, 2025 11:14 AM Author: tripping stage 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=2Reputation#49302059) |
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Date: September 25th, 2025 11:16 AM Author: marvelous becky idea he suggested 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=2Reputation#49302068) |
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Date: September 25th, 2025 11:24 AM Author: tripping stage 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=2Reputation#49302093) |
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Date: September 25th, 2025 11:34 AM Author: Hyperventilating spruce preventive strike What are good compensation deductions for that much money (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302122) |
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Date: September 25th, 2025 11:35 AM Author: tripping stage 🤔
wages? bonuses? |
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Date: September 25th, 2025 12:57 PM Author: drab motley cruise ship tank You pay out all profits in salaries/bonuses (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302355) |
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Date: September 25th, 2025 3:13 PM Author: Hyperventilating spruce preventive strike You can’t just build a $250k theater room in your office? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302734) |
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Date: September 25th, 2025 1:12 PM Author: marvelous becky idea he suggested “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: abnormal hairless hominid chad OP is an idiot (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302360) |
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Date: September 25th, 2025 12:55 PM Author: swashbuckling base 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=2Reputation#49302352) |
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Date: September 25th, 2025 3:07 PM Author: Lavender state incel I was just going to stick like $200k into a vanguard account. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302709) |
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Date: September 25th, 2025 12:58 PM Author: hairraiser brindle mad-dog skullcap pisswyrm 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=2Reputation#49302361) |
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Date: September 25th, 2025 1:14 PM Author: swashbuckling base 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=2Reputation#49302408) |
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Date: September 25th, 2025 1:19 PM Author: hairraiser brindle mad-dog skullcap pisswyrm 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=2Reputation#49302428) |
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Date: September 25th, 2025 1:20 PM Author: swashbuckling base 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: Zombie-like bearded piazza wrinkle 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=2Reputation#49302374) |
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Date: September 25th, 2025 1:17 PM Author: magical space if u have a corp then wtf arent u maxing on "expenses" (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302419) |
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Date: September 25th, 2025 3:08 PM Author: Lavender state incel We was all scared. We are doing that more in 2026 no doubt (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302715) |
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Date: September 25th, 2025 1:20 PM Author: marvelous becky idea he suggested 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=2Reputation#49302431) |
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Date: September 25th, 2025 1:41 PM Author: disturbing black woman office 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: supple plum parlor 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: spectacular crimson address reading party 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=2Reputation#49302517) |
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Date: September 25th, 2025 1:56 PM Author: Glittery stead You're a wagecuck, not a rainmaker law partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302521) |
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Date: September 25th, 2025 1:58 PM Author: spectacular crimson address reading party thats the difference (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302524) |
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Date: September 25th, 2025 2:06 PM Author: Glittery stead (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302538) |
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Date: September 25th, 2025 2:00 PM Author: tripping stage why did op disappear once the tough questions started being asked (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302530) |
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Date: September 25th, 2025 2:07 PM Author: disturbing black woman office weird, that rarely happens around here (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302541) |
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Date: September 25th, 2025 2:10 PM Author: Glittery stead no wifi in the playroom (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302554) |
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Date: September 25th, 2025 2:10 PM Author: mentally impaired dog poop community account 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=2Reputation#49302551) |