The WealthAbility Show with Tom Wheelwright, CPA cover image

How To Pay Little Or No Taxes Like The Big Guys

The WealthAbility Show with Tom Wheelwright, CPA

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Employment Taxes Are Being Paid. What's the First Rule?

The first rule is, you have to be a business. Now, let's say that you're an employe. So what do you do? Well, start out by saying to your employer, would it be ok if i became an independent contractor? In other words, instead of an employee, employee or relationship, could we have a independent contractor relationship? See, what the irus wants is they want everybody to be an employee somewhere. And as long as you're an employee of a business, they're happy, ok? Their comfortable. Employment taxes are being paid. If you weren't, if you were an independent contractor, they wouldn't have to pay.

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