My wife and I got slammed with a HUGE tax bill this year because she went back to work after taking a year off and our dual incomes now basically require each of us to claim 0 exemptions/dependents on our W-4 to even come close to withholding the right amount (and even then we will still owe money next year). Our 401Ks are maxed out. I am desperate to mitigate our tax liability next year; we are getting royally slammed to an unimaginable degree. One thought I had was to create our own company to manage our investments. Anyone here do this or have any thoughts? I hear a lot about the tax advantages of starting your own business but I don't know exactly what the benefits would be in our situation.
Submitted February 05, 2017 at 10:42PM by burghblast http://ift.tt/2kDHEqM
