Your real total earnings will get back to your 1040 via dividends, cap gains or partnership income, depending on how your accounting is set up.Ameer wrote:My sympathies too. One good thing about a corp or LLC is being able to pay yourself below the poverty line.TomsTXCHL wrote:Sorry to hear of your shocking situation Beiruty. I do wonder how many people are going to say "screw it, I can't afford this--let 'em come after me with penalties."
I wish it were that easy.