Thursday, February 24, 2011

Taxes and single-member LLC taxes: How a blogger can save money on taxes

As soon as I publish this post, I plan to email my new tax CPA guy and reschedule the date I have to meet him for the first time.

Thank God for sending me tax help, because I've gone from earning $12k to $40k to $44k to over $50K per year and I'd love to pay a lot less than the thousands upon thousands I've paid the IRS from filling out a Schedule C and having them treat my writing business as personal income.

I've read a lot and learned that there are a plethora of ways that I can save money, whether it be through a Subchapter S corporation or filling out the required forms to have the IRS recognize my LLC as a corporation for tax purposes.

I knew I wanted help and bless God for sending it, so stay tuned for how much I save.

To that end, I've created a page selling Not Your Daughters Jeans to help add to the rising salary of this blogger -- and save 30% going forward as much as I can so as not to throw myself into a panic around every April 15th.

Small business news - FORTUNE Small Business

Thursday, February 24, 2011

Taxes and single-member LLC taxes: How a blogger can save money on taxes

As soon as I publish this post, I plan to email my new tax CPA guy and reschedule the date I have to meet him for the first time.

Thank God for sending me tax help, because I've gone from earning $12k to $40k to $44k to over $50K per year and I'd love to pay a lot less than the thousands upon thousands I've paid the IRS from filling out a Schedule C and having them treat my writing business as personal income.

I've read a lot and learned that there are a plethora of ways that I can save money, whether it be through a Subchapter S corporation or filling out the required forms to have the IRS recognize my LLC as a corporation for tax purposes.

I knew I wanted help and bless God for sending it, so stay tuned for how much I save.

To that end, I've created a page selling Not Your Daughters Jeans to help add to the rising salary of this blogger -- and save 30% going forward as much as I can so as not to throw myself into a panic around every April 15th.