Income Taxes and Record Keeping ( tax )

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Income Taxes and Record Keeping ( tax )

An SI Board Since September 1997

Posts	SubjectMarks	Bans
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Emcee: Zeuspaul	Type: Unmoderated

Introduction Compact

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Reply	Message Preview	From	Recs	Posted
4860	It has been a long time since I looked at this but this is what I think. If you	dpl	-	9/25/2005
4859	Thanks - I'm aware of the election to be a trader - do you then lose the lon	Moominoid	-	9/25/2005
4858	fairmark.com	dpl	-	9/25/2005
4857	Here is an article about the IRS trying to get property flippers to pay income t	Moominoid	-	9/25/2005
4856	Yes. Up to the limit.	BWAC	-	9/20/2005
4855	Thanks - so if I am a regular employee and me and my employer pay SS tax on my s	Moominoid	-	9/20/2005
4854	<But if I don't set up an S corp I don't have to pay SS, and just inc	BWAC	-	9/20/2005
4853	But if I don't set up an S corp I don't have to pay SS, and just income	Moominoid	-	9/20/2005
4852	S Corp. Initially you set it up as a regular corporation. Then immediately file	BWAC	-	9/20/2005
4851	<i> COnsulting fees, net of any expenses, assuming sole proprietor, are SS	Moominoid	-	9/20/2005
4850	COnsulting fees, net of any expenses, assuming sole proprietor, are SS taxable.	BWAC	-	9/20/2005
4849	Thanks. Consulting fees? If I just receive a payment (like I do in a small way	Moominoid	-	9/20/2005
4848	no SS	BWAC	-	9/19/2005
4847	What about dividends and interest, option income etc. i.e. all the other categor	Moominoid	-	9/19/2005
4846	Self employed under that example assumes you are just a sole proprietor set up.	BWAC	-	9/19/2005
4845	I see so it applies to wages... so if you are self employed but don't pay yo	Moominoid	-	9/19/2005
4844	>>Those self employed pay both the employee part of SS and also the compan	Nutty Buddy	-	9/19/2005
4843	I read that they need to pay the employer and employee contribution. But don'	Moominoid	-	9/19/2005
4842	<I believe those self-employed pay no social security taxes anyways.> Tho	BWAC	-	9/19/2005
4841	I believe those self-employed pay no social security taxes anyways. Only employe	Nutty Buddy	-	9/19/2005
4840	Does anyone here know how the US social security tax would apply to a self-emplo	Moominoid	-	9/18/2005
4839	I will leave your questions asked for others HOWEVER I believe the BEST answer,	LTBH	-	9/12/2005
4838	Hello. I'm looking for a little clarification regarding inherited IRA's,	ayahuasca	-	9/11/2005
4837	I pulled this long winded piece from irb 03-03. My interpretation (not a tax pr	Ira Player	-	8/8/2005
4836	Limited to a maximum of 6 times a year because of the 60 day rule...but I believ	Ira Player	-	8/3/2005

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