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by jwfergus
1276 days ago
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The corporation would actualize the income as profit at some <=1Yr period, where it would be subject to corporate tax. Not saying your idea wouldn't work out best tax-wise, but that you'd still need to run the numbers. I'm pretty amateur at accounting, so I don't know. I do get a kick out of the idea that these guys basically revolve a lot of their life around developing DF. I wonder how much of their lifestyle could be legitimately expensed from a corporate account without any IRS hassle. |
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