2007-05-21 08:54:39 · 4 answers · asked by Frenchy 2 in Business & Finance ➔ Taxes ➔ United States
Why do you want to maximize your taxes? Do you feel that you are not paying enough to Uncle Sam?
2007-05-21 09:04:36 · answer #1 · answered by Tax Man 2 · 1⤊ 0⤋
If the money was supposed to run through your company, you can file a "pass-through" Schedule C on your tax return and report the income on the company books. That way you can either pay yourself more through payroll or else match up the expenses.
2007-05-21 16:25:22 · answer #2 · answered by bjlevine 3 · 0⤊ 1⤋
If you are saying the client forgot to put your company's name on the check, you can still deposit it into the company account and treat is exactly as if it was made payable to the company. This is not the least bit unusual. The IRS will never know and won't question you on those grounds in an audit.
2007-05-21 20:31:30 · answer #3 · answered by STEVEN F 7 · 0⤊ 1⤋
I assume you want to MINIMIZE your taxes.
List any expenses you had in doing the job, and be sure to take those on your tax return.
2007-05-21 16:15:59 · answer #4 · answered by Judy 7 · 1⤊ 1⤋