View Single Post
Old 10-03-2018, 12:37 PM   #72
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 3,729
Thanks: 1,941
Thanked 1,065 Times in 672 Posts
Default

Quote:
Originally Posted by joey2665 View Post
Good advice. It is a delicate balance between the W-2 from the business, your contribution to a tax deferred plan and you profit reported on your K-1 all combined with the new small business deduction. If done properly you can certainly reduce your tax significantly.
He said no more pay raises for me. My wife is none too happy about that!
Biggd is offline   Reply With Quote