Another perfectly reasonable way to do it if you are incorporated or an LLC is to pay yourself a salary and withhold taxes from that salary. Your salary gets FICA withheld against it and the excess earnings are taxed as dividends.
That's a very common way to do it. The salary can even come during the last quarter of the year and extra withholding up to 100% of your salary can be used to make up for estimated taxes that are too low if needed. Kristyne McDaniel _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
