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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Be Careful Posted by jom on November 14, 2003 at 11:57 PM In Reply to: What's a posted by Sara_CA on November 14, 2003 at 2:59 PM ...there might be tax consequences when you deed from yourself to the Corp. You'd better have an account who knows something about these kinds of sales. Remember the 3.3% is only a WITHOLDING. It's bad because the CA has your money for a while BUT you will get it back if you actually paid too much. It is NOT' worth creating a taxable transaction just to avoid it. You might end up paying MORE in the long run. Check with an accountant. jom Follow Ups: Zackery, Steve, how did you handle his problem? Sara_CA 4:28 PM, 11/16/03 (1) Re: Zackery, Steve, how did you handle his problem? jom 6:19 PM, 11/16/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : ...there might be tax consequences when you deed from yourself to the Corp. : You'd better have an account who knows something about these kinds of sales. : Remember the 3.3% is only a WITHOLDING. It's bad because the CA has your money : for a while BUT you will get it back if you actually paid too much. It is NOT' : worth creating a taxable transaction just to avoid it. You might end up paying MORE : in the long run. : Check with an accountant. : jom Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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