Tag Archives | taxes
Nevada

Nevada Nonsense: The TRUTH about Nevada LLCs

I always get questions from folks wanting to know if they should set up a Nevada LLC or corporation because they’ve seen one on the internet or been to some seminar where they were told that they should form a Nevada company to avoid paying state income tax. Um…how shall I say this?  That’s a [...]

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Taxes

Taxes and Patriotism

I once got into a philosophical conversation about taxes and patriotism.  Here’s my take:  tax evasion is illegal…don’t do it!  BUT, tax avoidance is altogether different, and I fully support doing everything legally possible to reduce tax liability.  Apparently, some people think that’s unpatriotic.  Well, I ain’t one of them.  (Yes mom, I know “ain’t” is not [...]

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Why Pay More Taxes?

Given that tax season is upon us, I hope that each of you took affirmative steps to minimize your tax liability in 2007.  There are a few things left you can still do in 2008 to lower your tax bill before the April filing deadline, and I encourage you to meet with your accountant early [...]

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