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My tax liability this year might be $250k unless I come up with something
| milky glittery kitty principal's office | 09/24/25 |
| Titillating Insane Philosopher-king Space | 09/24/25 |
| milky glittery kitty principal's office | 09/24/25 |
| Titillating Insane Philosopher-king Space | 09/24/25 |
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Poast new message in this thread
Date: September 24th, 2025 9:33 PM Author: milky glittery kitty principal's office Income about a million this is SP
Should I just leave a lot in the firm? |
Date: September 24th, 2025 9:35 PM Author: Titillating Insane Philosopher-king Space Good luck bro taxes are evil (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49299981) |
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Date: September 24th, 2025 9:37 PM Author: milky glittery kitty principal's office 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: Titillating Insane Philosopher-king Space What’s your job? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49299996) |
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Date: September 24th, 2025 9:41 PM Author: milky glittery kitty principal's office Law firm partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300000) |
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Date: September 24th, 2025 9:43 PM Author: Titillating Insane Philosopher-king Space Are you hiring? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300005) |
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Date: September 24th, 2025 9:43 PM Author: milky glittery kitty principal's office Yes.
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Date: September 24th, 2025 9:50 PM Author: Titillating Insane Philosopher-king Space What are of law? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300037) |
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Date: September 24th, 2025 9:53 PM Author: milky glittery kitty principal's office 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: Titillating Insane Philosopher-king Space PI? That’s not really my thing. I’m Ryan Sun, Esq. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300076) |
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Date: September 24th, 2025 9:59 PM Author: milky glittery kitty principal's office Okay. Well I answered your question (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300146) |
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Date: September 25th, 2025 11:15 AM Author: Know-it-all Garrison (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302060) |
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Date: September 25th, 2025 11:17 AM Author: sickened gay mexican ticket booth (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302071) |
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Date: September 24th, 2025 9:41 PM Author: Tan public bath 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\u0026mark_id=5310913#49300001) |
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Date: September 24th, 2025 9:43 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300006) |
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Date: September 24th, 2025 9:53 PM Author: Tan public bath Seems like a good idea tbh (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300068) |
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Date: September 24th, 2025 10:00 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300153) |
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Date: September 24th, 2025 10:31 PM Author: Tan public bath I mean buying a building (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300382) |
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Date: September 24th, 2025 10:51 PM Author: milky glittery kitty principal's office oh fpr sure
black mold is a bitch |
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Date: September 24th, 2025 9:57 PM Author: Saffron set Just 250k? I paid $200 on 600k in income last year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300129) |
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Date: September 24th, 2025 10:01 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300168) |
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Date: September 24th, 2025 10:34 PM Author: frum address 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: mauve galvanic theater stage (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302042) |
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Date: September 25th, 2025 2:08 PM Author: doobsian chapel (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302544) |
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Date: September 24th, 2025 10:35 PM Author: Flushed private investor scourge upon the earth Spaceporn is a partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300399) |
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Date: September 24th, 2025 10:50 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300449) |
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Date: September 24th, 2025 11:02 PM Author: Flushed private investor scourge upon the earth Is your law firm ok with you using racial slurs on AutoAdmit? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300467) |
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Date: September 24th, 2025 11:03 PM Author: milky glittery kitty principal's office Ask Boner Police circa 2019 (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300470) |
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Date: September 24th, 2025 11:10 PM Author: Erotic Shivering Ape 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\u0026mark_id=5310913#49300481) |
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Date: September 24th, 2025 11:11 PM Author: milky glittery kitty principal's office Ask me in three years (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300483) |
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Date: September 24th, 2025 11:12 PM Author: Mildly Autistic Mind-boggling Legal Warrant Box Office 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: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300487) |
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Date: September 24th, 2025 11:14 PM Author: Mildly Autistic Mind-boggling Legal Warrant Box Office sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300488) |
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Date: September 24th, 2025 11:16 PM Author: milky glittery kitty principal's office 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: Mildly Autistic Mind-boggling Legal Warrant Box Office sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300497) |
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Date: September 24th, 2025 11:17 PM Author: Big Church Building Doctorate 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\u0026mark_id=5310913#49300491) |
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Date: September 24th, 2025 11:17 PM Author: Mildly Autistic Mind-boggling Legal Warrant Box Office odd case, very interesting! (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49300492) |
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Date: September 24th, 2025 11:24 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49300504) |
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Date: September 25th, 2025 10:51 AM Author: Jade tattoo 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\u0026mark_id=5310913#49302006) |
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Date: September 25th, 2025 11:10 AM Author: Domesticated impertinent area generalized bond “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: Jade tattoo you can just write it off (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302081) |
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Date: September 25th, 2025 3:05 PM Author: milky glittery kitty principal's office Is that bad? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302701) |
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Date: September 25th, 2025 11:17 AM Author: sickened gay mexican ticket booth (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302073) |
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Date: September 25th, 2025 12:10 AM Author: Jade tattoo 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\u0026mark_id=5310913#49300580) |
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Date: September 25th, 2025 11:14 AM Author: spectacular buck-toothed national crotch 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\u0026mark_id=5310913#49302059) |
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Date: September 25th, 2025 11:16 AM Author: Domesticated impertinent area generalized bond 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\u0026mark_id=5310913#49302068) |
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Date: September 25th, 2025 11:24 AM Author: spectacular buck-toothed national crotch 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\u0026mark_id=5310913#49302093) |
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Date: September 25th, 2025 11:34 AM Author: Razzle mad-dog skullcap senate What are good compensation deductions for that much money (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302122) |
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Date: September 25th, 2025 11:35 AM Author: spectacular buck-toothed national crotch 🤔
wages? bonuses? |
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Date: September 25th, 2025 12:57 PM Author: onyx location You pay out all profits in salaries/bonuses (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302355) |
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Date: September 25th, 2025 3:13 PM Author: Razzle mad-dog skullcap senate You can’t just build a $250k theater room in your office? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302734) |
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Date: September 25th, 2025 1:12 PM Author: Domesticated impertinent area generalized bond “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: Swollen Gunner OP is an idiot (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302360) |
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Date: September 25th, 2025 12:55 PM Author: Jade tattoo 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\u0026mark_id=5310913#49302352) |
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Date: September 25th, 2025 3:07 PM Author: milky glittery kitty principal's office I was just going to stick like $200k into a vanguard account. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302709) |
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Date: September 25th, 2025 12:58 PM Author: pungent deranged becky center 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\u0026mark_id=5310913#49302361) |
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Date: September 25th, 2025 1:14 PM Author: Jade tattoo 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\u0026mark_id=5310913#49302408) |
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Date: September 25th, 2025 1:19 PM Author: pungent deranged becky center 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\u0026mark_id=5310913#49302428) |
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Date: September 25th, 2025 1:20 PM Author: Jade tattoo 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: yellow excitant sweet tailpipe corner 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\u0026mark_id=5310913#49302374) |
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Date: September 25th, 2025 1:17 PM Author: ocher marvelous cruise ship police squad if u have a corp then wtf arent u maxing on "expenses" (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302419) |
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Date: September 25th, 2025 3:08 PM Author: milky glittery kitty principal's office 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\u0026mark_id=5310913#49302715) |
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Date: September 25th, 2025 1:20 PM Author: Domesticated impertinent area generalized bond 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\u0026mark_id=5310913#49302431) |
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Date: September 25th, 2025 1:41 PM Author: Titillating Insane Philosopher-king Space 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: maroon death wish 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: cracking coral dog poop telephone 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\u0026mark_id=5310913#49302517) |
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Date: September 25th, 2025 1:56 PM Author: Know-it-all Garrison You're a wagecuck, not a rainmaker law partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302521) |
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Date: September 25th, 2025 1:58 PM Author: cracking coral dog poop telephone thats the difference (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302524) |
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Date: September 25th, 2025 2:06 PM Author: Know-it-all Garrison (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302538) |
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Date: September 25th, 2025 2:00 PM Author: spectacular buck-toothed national crotch why did op disappear once the tough questions started being asked (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302530) |
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Date: September 25th, 2025 2:07 PM Author: Titillating Insane Philosopher-king Space weird, that rarely happens around here (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302541) |
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Date: September 25th, 2025 2:10 PM Author: Know-it-all Garrison no wifi in the playroom (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2\u0026mark_id=5310913#49302554) |
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Date: September 25th, 2025 2:10 PM Author: Maniacal heady lettuce native 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\u0026mark_id=5310913#49302551) |