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I signed a 1099 contract discuss (boor)

Will work on the side starting in January. Tell me the proce...
motley tattoo clown
  12/22/23
You seem like a horrible person
Topaz liquid oxygen
  12/22/23
Why?
motley tattoo clown
  12/22/23
Can't quite put my finger on it, but you're very unlikeable
Topaz liquid oxygen
  12/22/23
I bet you're a closet faggot marri3d to an ugly woman who ma...
motley tattoo clown
  12/22/23
i'm gay
Topaz liquid oxygen
  12/22/23
And married to a high earning female too, am I right?
motley tattoo clown
  12/22/23
...
Hot theatre
  12/22/23
Boor is a great guy he just makes weird threads
Twinkling mind-boggling dilemma azn
  12/22/23
for defined benefit plan you have to pay $3k/year toll to so...
vivacious insanely creepy immigrant
  12/22/23
For real? Well then not even worth learning about it, salary...
motley tattoo clown
  12/22/23
Pretty sure it's a combined limit
Submissive resort shitlib
  12/22/23
So basically there is no point to solo401k over sep?
motley tattoo clown
  12/22/23
https://www.mysolo401k.net/solo-401k/multiple-retirement-pla...
motley tattoo clown
  12/22/23
Cool, go for it. I was just guessing.
Submissive resort shitlib
  12/22/23
Now I read more and it says employee contribution is total s...
motley tattoo clown
  12/22/23
I'm thinking of buying in greenwich village. Basically lower...
motley tattoo clown
  12/22/23
Qualified business deduction. This is where I can deduct 20%...
motley tattoo clown
  12/22/23
Iirc QBI phases out at your income level. The tax code is de...
vivacious insanely creepy immigrant
  12/22/23
Doesn't it mean that I can still apply it to the first $230k...
motley tattoo clown
  12/23/23
Your best bet is to just max out business expenses. Just kee...
vivacious insanely creepy immigrant
  12/23/23
Yeah none of that works. I have hvac owner neighbor who lite...
motley tattoo clown
  12/23/23
you can definitely write off the travel off your 1099, i jus...
vivacious insanely creepy immigrant
  12/24/23
No. In fact my father told me not even to open a llc or s-co...
motley tattoo clown
  12/24/23
your father is a little bitch, the s-corp lets you save on s...
vivacious insanely creepy immigrant
  12/25/23
Since I fully pay ss tax on my regular w2, if I pay myself 1...
motley tattoo clown
  12/25/23
If I work for some hospital in kentucky on a contract, lol a...
motley tattoo clown
  12/24/23
tons of people do exactly this. or they do some CME on the t...
vivacious insanely creepy immigrant
  12/25/23
Actually you're right. Indeed it's all or 0. I.e. single wit...
motley tattoo clown
  12/23/23
NIGGEE bOOR
If I get tattoos I can bypass actual adversity
  11/21/25


Poast new message in this thread



Reply Favorite

Date: December 22nd, 2023 11:40 AM
Author: motley tattoo clown

Will work on the side starting in January. Tell me the process of opening a Florida llc? Then 401k vs sep? Also on medical forums they say that u can put 50% of salary into defined benefit plan? I probably wouldn't make enough to bother with that but still want to know what's that

And most important question where do I buy next week: yorkville walkup, uws walkup, or midtown east? My priority is noise insulation (i dont consider it a habitable residency if i can hear my neighbor) and absence of any hdfc housing or projects in the vicinity.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201902)



Reply Favorite

Date: December 22nd, 2023 11:43 AM
Author: Topaz liquid oxygen

You seem like a horrible person

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201918)



Reply Favorite

Date: December 22nd, 2023 11:48 AM
Author: motley tattoo clown

Why?

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201951)



Reply Favorite

Date: December 22nd, 2023 12:03 PM
Author: Topaz liquid oxygen

Can't quite put my finger on it, but you're very unlikeable

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202014)



Reply Favorite

Date: December 22nd, 2023 12:31 PM
Author: motley tattoo clown

I bet you're a closet faggot marri3d to an ugly woman who makes as much $$ as you.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202099)



Reply Favorite

Date: December 22nd, 2023 12:37 PM
Author: Topaz liquid oxygen

i'm gay

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202126)



Reply Favorite

Date: December 22nd, 2023 1:00 PM
Author: motley tattoo clown

And married to a high earning female too, am I right?

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202220)



Reply Favorite

Date: December 22nd, 2023 11:50 AM
Author: Hot theatre



(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201964)



Reply Favorite

Date: December 22nd, 2023 7:11 PM
Author: Twinkling mind-boggling dilemma azn

Boor is a great guy he just makes weird threads

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47203620)



Reply Favorite

Date: December 22nd, 2023 11:46 AM
Author: vivacious insanely creepy immigrant

for defined benefit plan you have to pay $3k/year toll to some jew financier. it's a pay to play racket imo

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201943)



Reply Favorite

Date: December 22nd, 2023 11:52 AM
Author: motley tattoo clown

For real? Well then not even worth learning about it, salary not big enough and state tax is 0. With solo401k can I submit the full 22k as an employe if I already contribute to my regular job 401k? Or there is a combined limit of 22k?

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47201973)



Reply Favorite

Date: December 22nd, 2023 12:32 PM
Author: Submissive resort shitlib

Pretty sure it's a combined limit

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202110)



Reply Favorite

Date: December 22nd, 2023 1:00 PM
Author: motley tattoo clown

So basically there is no point to solo401k over sep?

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202224)



Reply Favorite

Date: December 22nd, 2023 1:11 PM
Author: motley tattoo clown

https://www.mysolo401k.net/solo-401k/multiple-retirement-plan-solo-401k-contribution-rules/#:~:text=ANSWER%3A,from%20that%20full%2Dtime%20employer

Here it says that your normal w2 401k limit(I am actually 403k) is separate from solo401k w2? In that case I'd be able to get 22k+100k*.25 ?

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202257)



Reply Favorite

Date: December 22nd, 2023 3:57 PM
Author: Submissive resort shitlib

Cool, go for it. I was just guessing.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202944)



Reply Favorite

Date: December 22nd, 2023 4:08 PM
Author: motley tattoo clown

Now I read more and it says employee contribution is total so u cannot add to it.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202979)



Reply Favorite

Date: December 22nd, 2023 12:59 PM
Author: motley tattoo clown

I'm thinking of buying in greenwich village. Basically lower value compared to anything uws or ues. But less gay? I feel self conscious about fags and in ues or uws if u live in a studio you're a fag.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47202218)



Reply Favorite

Date: December 22nd, 2023 6:58 PM
Author: motley tattoo clown

Qualified business deduction. This is where I can deduct 20% of whatever my 1099 income is. I wonder if there is even any point in paying myself dividends(to save 3.9% Medicare tax, social security tax already paid for by my regular job) if my 1099 is under 200k? Can give 25% into solo401k

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47203592)



Reply Favorite

Date: December 22nd, 2023 10:23 PM
Author: vivacious insanely creepy immigrant

Iirc QBI phases out at your income level. The tax code is designed to fuck high earning wagies in every possible way

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47204342)



Reply Favorite

Date: December 23rd, 2023 12:53 AM
Author: motley tattoo clown

Doesn't it mean that I can still apply it to the first $230k of any separate business(1099 work) even if my total taxable income is higher? I just thought of this strategy if qbi applies: put only posttax $ into solo401k with roth conversion. But then apply 20% qbi to my entire 1099 (it is under 230k).

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47204763)



Reply Favorite

Date: December 23rd, 2023 5:29 PM
Author: vivacious insanely creepy immigrant

Your best bet is to just max out business expenses. Just keep meeting notes during your whore holidays in Cyprus... Hotel meeting with client, discussed practical applications of tomosynthesis in breast imaging

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47206852)



Reply Favorite

Date: December 23rd, 2023 6:37 PM
Author: motley tattoo clown

Yeah none of that works. I have hvac owner neighbor who literally imported a mail order wife. She hosts a "marriage agency" in his condo in Miami Beach and of course gets unlimited qbi deduction , writes off any travel, his corvette, etc. I cannot write off any of that at all. Maybe I'll buy a car just to write that 1 thing off. Otherwise only cheap things like cme and licenses. I probably spend $50k on travel and cannot write off 0.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47206992)



Reply Favorite

Date: December 24th, 2023 3:38 PM
Author: vivacious insanely creepy immigrant

you can definitely write off the travel off your 1099, i just showed you how to justify how it's "business travel"

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47209335)



Reply Favorite

Date: December 24th, 2023 7:59 PM
Author: motley tattoo clown

No. In fact my father told me not even to open a llc or s-corp. He said you can write off expenses same way as "self employed" versus business, it only makes sense if u have negative income or you can actually get qbi deduction.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47209997)



Reply Favorite

Date: December 25th, 2023 1:06 PM
Author: vivacious insanely creepy immigrant

your father is a little bitch, the s-corp lets you save on self employment tax

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47211602)



Reply Favorite

Date: December 25th, 2023 2:47 PM
Author: motley tattoo clown

Since I fully pay ss tax on my regular w2, if I pay myself 1/2 of profit on my side job, I will only save 1/2 of Medicare tax(3.9/2). That's negligible amount and cost and nuisance of payroll would be at least the same. If that's the only benefit, there is no benefit. Also if I pay myself full salary I can put 25% into sep. Not sure if I should do that or put even more into posttax solo401k->roth

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47211826)



Reply Favorite

Date: December 24th, 2023 8:01 PM
Author: motley tattoo clown

If I work for some hospital in kentucky on a contract, lol at thinking I can go to Cyprus and expense it as "business meeting" and not get audited.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47210005)



Reply Favorite

Date: December 25th, 2023 1:05 PM
Author: vivacious insanely creepy immigrant

tons of people do exactly this. or they do some CME on the trip and expense the entire thing as "travel CME"

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47211597)



Reply Favorite

Date: December 23rd, 2023 1:33 AM
Author: motley tattoo clown

Actually you're right. Indeed it's all or 0. I.e. single wit h taxable income of 160k get full 20% deduction but at 200k get 0. Fuck trump.

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#47204881)



Reply Favorite

Date: November 21st, 2025 4:47 PM
Author: If I get tattoos I can bypass actual adversity

NIGGEE bOOR

(http://www.autoadmit.com/thread.php?thread_id=5464231&forum_id=2#49450231)