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Originally Posted by KayJay
Hi, all.
I'm just at the beginning of this road so all the hurdles are still in front of me but it certainly is great to see people still standing at the end! I have a question on a slightly different slant - being self-employed I pay my accountant well to show the tax-man how little I earn, in order to minimize my tax-liability. Now I have a bit of a problem, of course....... I'm sure I can't be the only one to come up against this little snag; any thoughts, please? |
If you have assets you can use them in lieu of income. I am not certain...I believe someone else can confirm this....$100,000 in assets equates to $5000 in income.
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Originally Posted by KayJay
...being in the UK we don't have your kind-hearted, generous, forgiving and obliging IRS to help us out in these situations..
My local area is chock-full of people speaking Russian who came in claiming to be Polish, Hungarian etc....how come it's always the law-abiding who get screwed by the Law?? |
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Originally Posted by KayJay
Hi, all.
I'm just at the beginning of this road so all the hurdles are still in front of me but it certainly is great to see people still standing at the end! I have a question on a slightly different slant - being self-employed I pay my accountant well to show the tax-man how little I earn, in order to minimize my tax-liability. Now I have a bit of a problem, of course....... I'm sure I can't be the only one to come up against this little snag; any thoughts, please? |
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