Sharky said:
no ss and medicare on dividend disbursements to owners of s-corp, just federal taxes. also don't need to pay state and local taxes on this disbursement in some states. you must pay an reasonable salary which is taxed for medicare and ss.
~sharky
~sharky
Some people like to keep books and records; perhaps to them, some corporate form would be fun and games, but for me it only represents a hassle. It also exposes the details of my personal gambling life to the government.
I'd like a penny for every winning session (not limited to blackjack) by a gambler that does not get reported to the IRS so that I could purchase a yacht and sail around the world the rest of my earthly existence. View attachment 6669
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