Reply To: IRS Audit Risks

Antoine without going into too much personal stuff , my agenda is make as much money as i can in next 5 years and then retire at age 45.My business pays the 18% tax rate and in 5 years I can draw a paycheck until i die lol which may be at age 46 lol.Also Incorporation is best when you have personal assets,keep in mind that my first 16 years in the work force was not online so I already had my house paid for ,pension plan etc from my work.
I have never paid google adwords but I have paypal expenses in 2006 and wrote them off without an audit ,paypal has excellent records an you get a receipt even for a $1.00 link.It also can be downloaded into the quickbooks.If you plan to write yourself a $400,000 a year paycheck then you may as well skip the incorporation and just eat the 40% personal tax rate.Guess it depends on personal life styles ,this year i paid $33000 income tax on $109,000 paycheck and probably will get hit about $10,000 when i do my filing in april.