LLC/Trust Run Tax break run down ?

GodBody

GodBody

Iron
Joined
Nov 12, 2022
Posts
205
Reputation
141
Yes I've already searched YouTube and not finding the answers I'm looking for.

I currently do not have a side hustle nor business. Just a w2 hrly wage job.

So how can I make this work ?
I'm hearing with an llc you don't have to pay taxes. Would this apply to my regular 9- 5 ? Whats the bare minimum in order to qualify for an llc ?

Also. What about becoming religious ? What are the easiest religious to qualify for in order to get tax relief ?

Thanks!
 
  • Woah
Reactions: Crusile
If you work a 9-5, then claim exempt from withholding taxes in whatever payroll software they use and dump all the money into "writeoffs" for your LLC. If you don't actually profit in ~2 years tho the IRS will come and fuck you over and get back taxes so be careful and think ahead about your plans for that.

If you make < $1mil a year then you have less than a 1% chance of getting audited as long as you aren't raising red flags. Just don't put all your income on there outside of W2s and you're good. Only big ballers like me need to worry about hating ass IRS agents pocket watching.
 
Last edited:

Similar threads

ugly_man
Replies
2
Views
74
BrahminBoss
BrahminBoss
MaghrebGator
Replies
98
Views
2K
thebuffdon690
thebuffdon690
gigell
Discussion .
Replies
13
Views
2K
Freixel
Freixel
lestoa
Replies
47
Views
5K
W3ak
W3ak
Tabula Rasa
Replies
65
Views
7K
xuzky
xuzky

Users who are viewing this thread

Back
Top