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Message |
    
True_indian
Mudiripoyina Bewarse
Username: True_indian
Post Number: 5140
Registered: 03-2004
Posted From: 24.74.118.137
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 10:34 pm: | 
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bhupathi or others
filing is easy
www.bizfilings.com
call them and they will explain everything and send you documents also |
Muvva
Pilla Bewarse
Username: Muvva
Post Number: 3
Registered: 09-2005
Posted From: 24.149.57.60
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 3:27 pm: |
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thanks for the information |
Eeidlagolayenti
Kurra Bewarse
Username: Eeidlagolayenti
Post Number: 797
Registered: 03-2005
Posted From: 66.121.23.130
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 3:19 pm: |
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Bhupathi,
If you are on H1, you have to get a salary(W2) from the company which sponsered your H1. so, even though you can tweak, it wont be of much help to H1s. |
Bhupathi
Pilla Bewarse
Username: Bhupathi
Post Number: 37
Registered: 05-2005
Posted From: 209.234.142.80
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 3:16 pm: |
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AW mama and TI mama
Can you plz elaborate more on S Corporation. I am hearing it for the first time.How to establish one? Do u need to be on GC?
I am working on 70-30 on W-2. Is there a way I can change and save on it?. |
Nag_rocks
Bewarse Legend
Username: Nag_rocks
Post Number: 18390
Registered: 03-2004
Posted From: 65.15.78.43
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 3:12 pm: |
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ee 1099 business vallakena evarikina naa? |
True_indian
Mudiripoyina Bewarse
Username: True_indian
Post Number: 5135
Registered: 03-2004
Posted From: 192.175.182.26
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 2:22 pm: |
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1099 is better than w2
Yes AW mama with S corp you can pretty much write off all taxes, auto, house rent, cell house, traevlling(even personal), meals, entertainment can be written off |
Andhrawala
Celebrity Bewarse
Username: Andhrawala
Post Number: 8072
Registered: 03-2004
Posted From: 192.58.204.226
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 2:09 pm: |
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>>1099 lo w2 kante taxes enta percent ekkuva pay cheyali?
Basic gaa 1099 chesthey lot of tax benefits etc vasthaayi compared to W2.
Say ur bill rate is $50 instead of taking 50 per hour on W2 if u go 1099 route he may give upto 53 per hour.
Now u can pay urself around 25 per hour as salary.
Rest u can give ur self Health Insurance coverage around 9000 per year, conveyance around 10K, Auditor fees - 600, cell phone/internet/office phone around 2000 per year. Add misc expenses for printer paper, stationaery etc around 1000. u pay around 1500 for liability insurance
WIth an S corporation income from business after all these expense will be added to ur income. Basically u will save some amount on Social security taxes and balance on the expenses shown
1099 lo taxes thakkuva kabatti people take additional trouble |
Muvva
Pilla Bewarse
Username: Muvva
Post Number: 2
Registered: 09-2005
Posted From: 24.149.57.60
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 1:57 pm: |
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1099 lo w2 kante taxes enta percent ekkuva pay cheyali? |
Eeidlagolayenti
Kurra Bewarse
Username: Eeidlagolayenti
Post Number: 796
Registered: 03-2005
Posted From: 66.121.23.130
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 12:53 pm: |
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>>w2 nundi 1099 ki vellalante company register cheyyala?
nope, you can use your name as business and get 1099 issued to you. you dont have to have a company, but your entire property would be liable to your business. say if your company sues you for some reason, your house etc also would be sold to pay for the dues. If you register a company, then it may not be the case. what ever the company is worth would be liable. |
Tester
Pilla Bewarse
Username: Tester
Post Number: 471
Registered: 03-2004
Posted From: 68.82.139.193
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 12:48 pm: |
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with W2 you just pay you income taxes
i.e Federal, State, local texes (if any), Employye part os Social and Medicare tax (7.65%)
With 1099
You need to pay Employer part of Social security tax (7.65%). You may also need to pay unemployment tax
With Corparation:
Apart from the above you are responsible for your own liability insurance.
You may need to pay workers compensation |
Nag_rocks
Bewarse Legend
Username: Nag_rocks
Post Number: 18373
Registered: 03-2004
Posted From: 131.96.2.208
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 12:36 pm: |
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1099 ki taxes ekkuva anukunata |
Muvva
Pilla Bewarse
Username: Muvva
Post Number: 1
Registered: 09-2005
Posted From: 24.149.57.60
Rating:N/A
Votes: 0(Vote!) | | Posted on Friday, September 16, 2005 - 12:31 pm: |
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1099,w2 ki taxes elauntayi
deniki advantages ekkuva? w2 nundi 1099 ki vellalante company register cheyyala?
taxes 1099 lo w2 kante ekkuva pay cheyyala? |
