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The corporation would actualize the income as profit at some <=1Yr period, where it would be subject to corporate tax. Not saying your idea wouldn't work out be
by jwfergus 4y ago
The corporation would actualize the income as profit at some <=1Yr period, where it would be subject to corporate tax. Not saying your idea wouldn't work out best tax-wise, but that you'd still need to run the numbers. I'm pretty amateur at accounting, so I don't know.
I do get a kick out of the idea that these guys basically revolve a lot of their life around developing DF. I wonder how much of their lifestyle could be legitimately expensed from a corporate account without any IRS hassle.