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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: racy location Income about a million this is SP
Should I just leave a lot in the firm? |
Date: September 24th, 2025 9:35 PM Author: salmon cheese-eating home pisswyrm Good luck bro taxes are evil (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49299981) |
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Date: September 24th, 2025 9:37 PM Author: racy location 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: salmon cheese-eating home pisswyrm What’s your job? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49299996) |
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Date: September 24th, 2025 9:41 PM Author: racy location Law firm partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300000) |
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Date: September 24th, 2025 9:43 PM Author: salmon cheese-eating home pisswyrm Are you hiring? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300005) |
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Date: September 24th, 2025 9:43 PM Author: racy location Yes.
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Date: September 24th, 2025 9:50 PM Author: salmon cheese-eating home pisswyrm What are of law? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300037) |
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Date: September 24th, 2025 9:53 PM Author: racy location 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: salmon cheese-eating home pisswyrm PI? That’s not really my thing. I’m Ryan Sun, Esq. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300076) |
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Date: September 24th, 2025 9:59 PM Author: racy location Okay. Well I answered your question (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300146) |
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Date: September 25th, 2025 11:15 AM Author: maize razzmatazz jewess (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302060) |
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Date: September 25th, 2025 11:17 AM Author: shaky library tank (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302071) |
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Date: September 24th, 2025 9:41 PM Author: Drab hairraiser cumskin ticket booth 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#49300001) |
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Date: September 24th, 2025 9:43 PM Author: racy location 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#49300006) |
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Date: September 24th, 2025 9:53 PM Author: Drab hairraiser cumskin ticket booth Seems like a good idea tbh (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300068) |
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Date: September 24th, 2025 10:00 PM Author: racy location 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#49300153) |
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Date: September 24th, 2025 10:31 PM Author: Drab hairraiser cumskin ticket booth I mean buying a building (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300382) |
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Date: September 24th, 2025 10:51 PM Author: racy location oh fpr sure
black mold is a bitch |
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Date: September 24th, 2025 9:57 PM Author: Ebony keepsake machete address Just 250k? I paid $200 on 600k in income last year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300129) |
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Date: September 24th, 2025 10:01 PM Author: racy location 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#49300168) |
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Date: September 24th, 2025 10:34 PM Author: Thriller nofapping degenerate center 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: pea-brained clear parlour clown (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302042) |
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Date: September 25th, 2025 2:08 PM Author: Indigo Gas Station Hominid (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302544) |
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Date: September 24th, 2025 10:35 PM Author: shimmering autistic hospital Spaceporn is a partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300399) |
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Date: September 24th, 2025 10:50 PM Author: racy location 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#49300449) |
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Date: September 24th, 2025 11:02 PM Author: shimmering autistic hospital Is your law firm ok with you using racial slurs on AutoAdmit? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300467) |
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Date: September 24th, 2025 11:03 PM Author: racy location Ask Boner Police circa 2019 (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300470) |
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Date: September 24th, 2025 11:10 PM Author: Painfully honest orchid jew knife 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#49300481) |
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Date: September 24th, 2025 11:11 PM Author: racy location Ask me in three years (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300483) |
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Date: September 24th, 2025 11:12 PM Author: Mind-boggling olive temple 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: racy location 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#49300487) |
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Date: September 24th, 2025 11:14 PM Author: Mind-boggling olive temple sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300488) |
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Date: September 24th, 2025 11:16 PM Author: racy location 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: Mind-boggling olive temple sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300497) |
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Date: September 24th, 2025 11:17 PM Author: Useless obsidian death wish 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#49300491) |
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Date: September 24th, 2025 11:17 PM Author: Mind-boggling olive temple odd case, very interesting! (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49300492) |
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Date: September 24th, 2025 11:24 PM Author: racy location 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#49300504) |
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Date: September 25th, 2025 10:51 AM Author: Chrome fear-inspiring senate trust fund 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#49302006) |
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Date: September 25th, 2025 11:10 AM Author: excitant half-breed “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: Chrome fear-inspiring senate trust fund you can just write it off (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302081) |
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Date: September 25th, 2025 3:05 PM Author: racy location Is that bad? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302701) |
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Date: September 25th, 2025 11:17 AM Author: shaky library tank (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302073) |
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Date: September 25th, 2025 12:10 AM Author: Chrome fear-inspiring senate trust fund 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#49300580) |
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Date: September 25th, 2025 11:14 AM Author: titillating generalized bond corner 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#49302059) |
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Date: September 25th, 2025 11:16 AM Author: excitant half-breed 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#49302068) |
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Date: September 25th, 2025 11:24 AM Author: titillating generalized bond corner 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#49302093) |
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Date: September 25th, 2025 11:34 AM Author: Naked motley kitchen deer antler What are good compensation deductions for that much money (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302122) |
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Date: September 25th, 2025 11:35 AM Author: titillating generalized bond corner 🤔
wages? bonuses? |
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Date: September 25th, 2025 12:57 PM Author: Exciting cordovan school cafeteria digit ratio You pay out all profits in salaries/bonuses (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302355) |
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Date: September 25th, 2025 3:13 PM Author: Naked motley kitchen deer antler You can’t just build a $250k theater room in your office? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302734) |
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Date: September 25th, 2025 1:12 PM Author: excitant half-breed “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: Laughsome self-absorbed casino OP is an idiot (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302360) |
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Date: September 25th, 2025 12:55 PM Author: Chrome fear-inspiring senate trust fund 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#49302352) |
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Date: September 25th, 2025 3:07 PM Author: racy location I was just going to stick like $200k into a vanguard account. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302709) |
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Date: September 25th, 2025 12:58 PM Author: narrow-minded hateful stage stain 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#49302361) |
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Date: September 25th, 2025 1:14 PM Author: Chrome fear-inspiring senate trust fund 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#49302408) |
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Date: September 25th, 2025 1:19 PM Author: narrow-minded hateful stage stain 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#49302428) |
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Date: September 25th, 2025 1:20 PM Author: Chrome fear-inspiring senate trust fund 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: Supple office 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#49302374) |
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Date: September 25th, 2025 1:17 PM Author: Stirring cruel-hearted range newt if u have a corp then wtf arent u maxing on "expenses" (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302419) |
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Date: September 25th, 2025 3:08 PM Author: racy location 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#49302715) |
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Date: September 25th, 2025 1:20 PM Author: excitant half-breed 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#49302431) |
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Date: September 25th, 2025 1:41 PM Author: salmon cheese-eating home pisswyrm 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: Concupiscible domesticated theatre ratface 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: ruby bawdyhouse 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#49302517) |
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Date: September 25th, 2025 1:56 PM Author: maize razzmatazz jewess You're a wagecuck, not a rainmaker law partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302521) |
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Date: September 25th, 2025 1:58 PM Author: ruby bawdyhouse thats the difference (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302524) |
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Date: September 25th, 2025 2:06 PM Author: maize razzmatazz jewess (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302538) |
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Date: September 25th, 2025 2:00 PM Author: titillating generalized bond corner why did op disappear once the tough questions started being asked (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302530) |
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Date: September 25th, 2025 2:07 PM Author: salmon cheese-eating home pisswyrm weird, that rarely happens around here (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302541) |
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Date: September 25th, 2025 2:10 PM Author: maize razzmatazz jewess no wifi in the playroom (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2#49302554) |
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Date: September 25th, 2025 2:10 PM Author: very tactful startled place of business national 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#49302551) |