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We are joined once again with tax expert & enrolled agent, Mr. Shawn Forrest, to field audience questions from fellow podcasters.
We touch on:
>Are there ways for you and your partner to receive the same tax breaks as a married couple without having to pay the government for a marriage license
> Also for opening your own business, what are ways including the size of your actual company and such that would be as efficient as possible to avoid paying as many taxes and fees as possible
>How does one do taxes on something like a podcast that does crowdfunding like Patreon? Asking for a friend...
>At what point should a side hustle turn into a taxable entity? I believe it was mentioned before in a cast about the 50K per year mark being an S-corporation, but should your side hustle be undisclosed or just 1099?
>It's not something I will need for a few years yet, but I have plans on starting my own little plumbing service company in the future
>How do you not pay taxes, period, safely? (*without getting swatted)
4.4
3030 ratings
We are joined once again with tax expert & enrolled agent, Mr. Shawn Forrest, to field audience questions from fellow podcasters.
We touch on:
>Are there ways for you and your partner to receive the same tax breaks as a married couple without having to pay the government for a marriage license
> Also for opening your own business, what are ways including the size of your actual company and such that would be as efficient as possible to avoid paying as many taxes and fees as possible
>How does one do taxes on something like a podcast that does crowdfunding like Patreon? Asking for a friend...
>At what point should a side hustle turn into a taxable entity? I believe it was mentioned before in a cast about the 50K per year mark being an S-corporation, but should your side hustle be undisclosed or just 1099?
>It's not something I will need for a few years yet, but I have plans on starting my own little plumbing service company in the future
>How do you not pay taxes, period, safely? (*without getting swatted)
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