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How to not pay your taxes legally, apparently

(mrsteinberg.com)
113 points jimhi | 1 comments | 05 Jul 25 18:21 UTC | HN request time: 0.242s | source
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trollbridge ◴[05 Jul 25 19:20 UTC] No.44474877[source]▶
The headline is a bit clickbait-y. If your business turns a profit, it’s quite challenging to not legally pay taxes on the profits. Not to mention taxes owed on a salary you pay yourself.

If your business just has losses, I suppose it’s true you can eventually find someone else to sell to who apparently wants to spend a lot of money to buy your money-losing business?

replies(4): >>44474900 #>>44475067 #>>44475760 #>>44479343 #
1. msgodel ◴[06 Jul 25 10:04 UTC] No.44479343[source]▶
Most investors know how to read a financial statements, selling such a business isn't the hard part. The hard part is keeping the IRS from coming after you for claiming it's a business and not a "hobby."