The most prestigious law school admissions discussion board in the world.
|
 |
 
|
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: Primrose resort affirmative action Income about a million this is SP
Should I just leave a lot in the firm? |
Date: September 24th, 2025 9:35 PM Author: demanding trust fund cruise ship Good luck bro taxes are evil (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49299981) |
 |
Date: September 24th, 2025 9:37 PM Author: Primrose resort affirmative action 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 |
|
Date: September 24th, 2025 9:39 PM Author: demanding trust fund cruise ship What’s your job? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49299996) |
|
Date: September 24th, 2025 9:41 PM Author: Primrose resort affirmative action Law firm partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300000) |
|
Date: September 24th, 2025 9:43 PM Author: demanding trust fund cruise ship Are you hiring? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300005) |
|
Date: September 24th, 2025 9:43 PM Author: Primrose resort affirmative action Yes.
|
|
Date: September 24th, 2025 9:50 PM Author: demanding trust fund cruise ship What are of law? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300037) |
|
Date: September 24th, 2025 9:53 PM Author: Primrose resort affirmative action 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 |
|
Date: September 24th, 2025 9:53 PM Author: demanding trust fund cruise ship 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) |
|
Date: September 24th, 2025 9:59 PM Author: Primrose resort affirmative action Okay. Well I answered your question (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300146) |
|
Date: September 25th, 2025 11:15 AM Author: Razzle-dazzle whorehouse (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302060) |
|
Date: September 25th, 2025 11:17 AM Author: jade sanctuary (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302071) |
|
Date: September 24th, 2025 9:41 PM Author: Gold domesticated party of the first part 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) |
|
Date: September 24th, 2025 9:43 PM Author: Primrose resort affirmative action 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) |
|
Date: September 24th, 2025 9:53 PM Author: Gold domesticated party of the first part Seems like a good idea tbh (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300068) |
|
Date: September 24th, 2025 10:00 PM Author: Primrose resort affirmative action 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) |
|
Date: September 24th, 2025 10:31 PM Author: Gold domesticated party of the first part I mean buying a building (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300382) |
|
Date: September 24th, 2025 10:51 PM Author: Primrose resort affirmative action oh fpr sure
black mold is a bitch |
|
Date: September 24th, 2025 9:57 PM Author: Floppy Public Bath Faggotry Just 250k? I paid $200 on 600k in income last year (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300129) |
|
Date: September 24th, 2025 10:01 PM Author: Primrose resort affirmative action 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) |
|
Date: September 24th, 2025 10:34 PM Author: Exciting Stage Aren’t you LIB AS FUCK
why don’t u pay YOUR FAIR SHARE |
|
Date: September 25th, 2025 11:07 AM Author: Chartreuse aromatic becky school cafeteria (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302042) |
|
Date: September 25th, 2025 2:08 PM Author: Boyish cuckoldry orchestra pit (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302544) |
|
Date: September 24th, 2025 10:35 PM Author: titillating frozen stead Spaceporn is a partner? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300399) |
|
Date: September 24th, 2025 10:50 PM Author: Primrose resort affirmative action 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) |
|
Date: September 24th, 2025 11:02 PM Author: titillating frozen stead 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) |
|
Date: September 24th, 2025 11:03 PM Author: Primrose resort affirmative action Ask Boner Police circa 2019 (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300470) |
|
Date: September 24th, 2025 11:10 PM Author: mischievous juggernaut 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) |
|
Date: September 24th, 2025 11:11 PM Author: Primrose resort affirmative action Ask me in three years (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300483) |
|
Date: September 24th, 2025 11:12 PM Author: submissive mustard dog poop fanboi I see no indication here that you are anything other than a 20th-year associate https://emrochandkilduff.com/attorneys/ |
|
Date: September 24th, 2025 11:13 PM Author: Primrose resort affirmative action 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) |
|
Date: September 24th, 2025 11:14 PM Author: submissive mustard dog poop fanboi sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300488) |
|
Date: September 24th, 2025 11:16 PM Author: Primrose resort affirmative action Omg reality is all online amirite? Face it you were gullible listening to the obvious retards |
|
Date: September 24th, 2025 11:19 PM Author: submissive mustard dog poop fanboi sure bud sure (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300497) |
|
Date: September 24th, 2025 11:17 PM Author: Bisexual turdskin queen of the night 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) |
|
Date: September 24th, 2025 11:17 PM Author: submissive mustard dog poop fanboi odd case, very interesting! (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49300492) |
|
Date: September 24th, 2025 11:24 PM Author: Primrose resort affirmative action 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) |
|
Date: September 25th, 2025 10:51 AM Author: milky deep travel guidebook 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) |
|
Date: September 25th, 2025 11:10 AM Author: stirring citrine boistinker “Should I just leave a lot in the firm” to lower my tax bill tp
|
|
Date: September 25th, 2025 11:19 AM Author: milky deep travel guidebook you can just write it off (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302081) |
|
Date: September 25th, 2025 3:05 PM Author: Primrose resort affirmative action Is that bad? (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302701) |
|
Date: September 25th, 2025 11:17 AM Author: jade sanctuary (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302073) |
|
Date: September 25th, 2025 12:10 AM Author: milky deep travel guidebook 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) |
|
Date: September 25th, 2025 11:14 AM Author: Snowy irradiated church building private investor 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) |
|
Date: September 25th, 2025 11:16 AM Author: stirring citrine boistinker 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) |
|
Date: September 25th, 2025 11:24 AM Author: Snowy irradiated church building private investor 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) |
|
Date: September 25th, 2025 11:34 AM Author: dashing striped hyena center What are good compensation deductions for that much money (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302122) |
|
Date: September 25th, 2025 11:35 AM Author: Snowy irradiated church building private investor 🤔
wages? bonuses? |
|
Date: September 25th, 2025 12:57 PM Author: amethyst big piazza You pay out all profits in salaries/bonuses (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302355) |
|
Date: September 25th, 2025 3:13 PM Author: dashing striped hyena center 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) |
|
Date: September 25th, 2025 1:12 PM Author: stirring citrine boistinker “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] |
|
Date: September 25th, 2025 12:58 PM Author: Tantric Incel OP is an idiot (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302360) |
|
Date: September 25th, 2025 12:55 PM Author: milky deep travel guidebook 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) |
|
Date: September 25th, 2025 3:07 PM Author: Primrose resort affirmative action 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) |
|
Date: September 25th, 2025 12:58 PM Author: Burgundy Station 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) |
|
Date: September 25th, 2025 1:14 PM Author: milky deep travel guidebook 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) |
|
Date: September 25th, 2025 1:19 PM Author: Burgundy Station 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) |
|
Date: September 25th, 2025 1:20 PM Author: milky deep travel guidebook i dunno, i think it looks dumb on the website.
i kinda regret leaving biglaw tbh but i was at a ttt biglaw firm |
|
Date: September 25th, 2025 1:02 PM Author: racy stage 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) |
|
Date: September 25th, 2025 1:17 PM Author: tripping translucent gas station prole 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) |
|
Date: September 25th, 2025 3:08 PM Author: Primrose resort affirmative action 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) |
|
Date: September 25th, 2025 1:20 PM Author: stirring citrine boistinker 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) |
|
Date: September 25th, 2025 1:41 PM Author: demanding trust fund cruise ship 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 |
|
Date: September 25th, 2025 1:50 PM Author: rusted son of senegal Heavy car 100% depreciate Office building and renovation costs
Were my top 2 |
|
Date: September 25th, 2025 1:54 PM Author: Splenetic Plum Pervert Chapel 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) |
|
Date: September 25th, 2025 1:56 PM Author: Razzle-dazzle whorehouse You're a wagecuck, not a rainmaker law partner. (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302521) |
|
Date: September 25th, 2025 1:58 PM Author: Splenetic Plum Pervert Chapel thats the difference (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302524) |
|
Date: September 25th, 2025 2:06 PM Author: Razzle-dazzle whorehouse (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302538) |
|
Date: September 25th, 2025 2:00 PM Author: Snowy irradiated church building private investor why did op disappear once the tough questions started being asked (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302530) |
|
Date: September 25th, 2025 2:07 PM Author: demanding trust fund cruise ship weird, that rarely happens around here (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302541) |
|
Date: September 25th, 2025 2:10 PM Author: Razzle-dazzle whorehouse no wifi in the playroom (http://www.autoadmit.com/thread.php?thread_id=5779690&forum_id=2Reputation#49302554) |
|
Date: September 25th, 2025 2:10 PM Author: Lilac Crackhouse 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) |