Can I get away with "non hablo"? On Sun, Mar 27, 2022, 2:00 PM Chuck McCown via AF <[email protected]> wrote:
> And I went through an audit, they were not happy with me, but I had a tax > attorney there. > > When they asked me why I chose to take money in that method I replied > “because I can”. > My attorney did not like my answer from a impolitic point of view but > everyone conceded that I was compliant with tax law. > > But it is 100% legal. Especially if you claim you are part time (which I > am) and you are in a board advisory position (which we all are). > > *From:* Chuck McCown via AF > *Sent:* Sunday, March 27, 2022 1:55 PM > *To:* [email protected] > *Cc:* Chuck McCown > *Subject:* Re: [AFMUG] OT Social Security > > When I have been in a position to actually take money out of a company, I > did so via directors fees to avoid FICA. > > *From:* Bill Prince > *Sent:* Sunday, March 27, 2022 1:25 PM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT Social Security > > > When we were in startup mode, we did not take salaries. However, when we > started making money, our accountant advised us to take token salaries to > avoid an IRS audit. > > > > bp > <part15sbs{at}gmail{dot}com> > > On 3/27/2022 11:29 AM, Chuck McCown via AF wrote: > > I have not collected a paycheck in years. Yes, positive cash flow and > growth, but zero or negative net income to the rescue. Gotta love > depreciation expense. > > *From:* Robert > *Sent:* Sunday, March 27, 2022 9:20 AM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT Social Security > > At the level of your income, I'll bet that they take most of that back! > Unless you are one of those sneaky tax dodgers.. Write-offs to the > rescue!!! > > On 3/26/22 8:09 PM, Chuck McCown via AF wrote: > > I started early just to get the cash flow. Fortunately I will probably > never need it for survival. > > *From:* Bill Prince > *Sent:* Saturday, March 26, 2022 8:35 PM > *To:* [email protected] > *Subject:* Re: [AFMUG] OT Social Security > > > My sister & brother believed that and both started SS at the earliest they > could, assuming that it would be gone before they could get their due. > > I waited until I was 70 to maximize what I get. > > bp > <part15sbs{at}gmail{dot}com> > > On 3/26/2022 5:44 PM, Chuck McCown via AF wrote: > > Seem all my life I was told SS would not be there when it came time for me > to apply. Guess they were wrong. > > Sent from my iPhone > > On Mar 26, 2022, at 6:13 PM, Bill Prince mailto:[email protected] wrote: > > > > You realize of course that I (we) paid into social security for over 5 > decades? > > bp > <part15sbs{at}gmail{dot}com> > > On 3/26/2022 3:22 PM, Steve Jones wrote: > > You damn welfare leeches. Think you can get old and suckle the government > teat like that. Cyanide pills is the only medication medicare should be > paying for. > You realize its all these old people collecting this welfare that puts me > out of the earned income bracket. I mean, come on, how do you expect me to > get those sweet rims and a new flatscreen at tax time if the olds are > always out there taking my money. They call it an earned income credit, > which obviously means i earned it... you get social security.. what, youre > scared and need security now. > This makes me so mad i could smack my sister cousin marlene right in her > dentures > > On Sat, Mar 26, 2022, 1:40 PM Bill Prince <[email protected]> wrote: > >> That's how they make up for the income tax shortfall. >> >> >> >> bp >> <part15sbs{at}gmail{dot}com> >> >> On 3/26/2022 11:22 AM, Chuck McCown via AF wrote: >> >> I signed up for social security. >> And now I get 10 text messages a day hawking loans and welfare programs. >> >> Surprised the govt sells its info. Text messages, so they made my phone >> number available. >> >> >> -- >> AF mailing list >> [email protected] >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > ------------------------------ > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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