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Revision as of 04:40, 3 September 2026
The old adage is crime doesn't pay, only one certainly can wonder sometimes about the accuracy of it given the amount of of politicians that find a way to be criminals! Regardless, the fact you are making money from an offense doesn't mean you don't have to pay taxes. Correct. The IRS wants its unfair share of your ill gotten gains!
With a C-Corporation in place, you can do use its lower tax rates. A C-Corporation starts at a 15% tax rate. If your tax bracket is compared to 15%, require it and it be saving on distinction is the successful. Plus, your C-Corporation can be utilized for specific employee benefits that are your favorite in this structure.
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