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O/T 401K question

Discussion in 'Uncategorized Threads' started by valmet, Apr 16, 2007.

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  1. valmet

    valmet TS Supporters TS Supporters

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    Jan 29, 1998
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    Bemidji, Mn
    alf, sounds like you got it but if i were you i'd find myself a certified public accountant, "a good one". they know the ins and outs of this tax business. it might cost you a little but its worth it. good luck, dennis
     
  2. spitter

    spitter Well-Known Member TS Supporters

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    Can you create a retirement plan for the side business? Got a spouse? Does she have a 401K or an IRA? What about catch up contributions if you're over 50+? I wouldn't necessarily give the gov the money for a whole year - try to invest it someway now!

    Jay
     
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