Re: Sponcer money..... 1099 ????
thanks jack.....lol. after 20 years in the navy, or as they say 20 years of undected crime i never made to the big house in kansas, or was i just lucky. maybe this venture will get me in the jail......lol.
julie i'm missing something. (big surprise) my major need is to get that 1099 from my vendor drafted to my business in lieu of to me. why can't i do that? unless sponcers give money to racers and have no requirement to show an accounting for it. that doesn't seem right. whats to keep the racer from mixing sponcer funds with his owe?
anyway, this whole business thing is to reduce my total tax base. i'm tired of giving a ton of money to the irs. and besides i am planing on opeing up a business, i have taken steps for that. in time i guess i would be saling race trailers as well as some of the things that go inside the trailer. but, to start i'd be saling out of my basement, and in time i would purchase or rent some real estate and put trailors on the lot. i would still keep my day job at least for awhile, and hire someone to run it. its just not going to happen from the get go. since when and if i give up my day job those vender checks would stop.
so please check again. i may have my wording wrong, or skipping a step in my explaination. but, it seems that it could happen. i rather pay business tax on 25,000 instead of my income plus my wifes and the 25,0000. oh and i also get a penison from the navy. frankly the pension i get from the navy is what i pay in extra taxes every single f&*$*ken year.
so please get me close. if not i guess its back to the drawing board.
by the way jack. what do you do in the car business down in A.C.
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S/ST 1739
Carlos Mendes
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