News Focus
News Focus
Followers 3
Posts 380
Boards Moderated 0
Alias Born 09/26/2003

Re: LexTrader post# 15865

Monday, 12/08/2003 10:06:35 PM

Monday, December 08, 2003 10:06:35 PM

Post# of 396429
I recommend for all you self-employed day traders here are a couple tips:
-come up with as many expenses as possible :)
Or
Incorporate as a Sub-Chapter ”S” or “S Corporation”
-Then you don’t have to pay Social Security Tax.
-Also you become a shareholder of your own corporation.
-The only drawback is you are an employee of your own corporation and have to set a salary. I suggest minimum wage
-But all net gains then get passed onto YOU as a Shareholder of your corporation.

Hope this helps. It is to late for 2003 but you could file for 2004.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today