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In a message dated 6/24/00 1:00:39 PM Eastern Daylight Time, gramario@xxxxxx
writes:
<< I trade in an account owned by my corporation. We've done all our
>business ventures under this corporate umbrella, which has allowed us
>to play some useful tax games. But I wonder if it's the wrong
>approach for trading. It's an S-corp, so it pays no taxes -- all
>profits flow through to me as salary/dividends. So since I receive
>it as salary/dividends, does that mean I don't qualify for the 60/40
>treatment?
> >>
Hello
if you are an s corp. there is a legal way to eliminate your personal
and corp. tax
you start a corporate pension plan
allowing you to put as much as 25% of salary+dividends and if you are
over 40
as much as 50% of salary and dividends
you can invest the money with fidelity vanguard rydex etc.
the name of the 2 plans are a defined contribution pension plan
and a defined BENEFIT pension plan
the prototype is FREE from any major mf or brokerage firm (pension dept.)
the administration is done by CPA or actuary (for defined benefit)
and i am sure your accountant NEVER told you about this!
there are OTHER ways too to save on your taxes too
best regards and be FREE of tax
nice weekend
Ben
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