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- Laura
Can you explain more about PR residency and cap gains?
JoeHSA
529
Simple IRAs if you have employees
Or Solo if notBut really, none of that is gonna make a dent in saving much in tax percentage wise.
AdelaideCan you make a holdings LLC so you don’t need to accept the $1mil as income?
TristanSoloK (provided you don’t employ your kids, you’d have to go simple or Sep if you do) would allow for much higher contribution/write off than an ira.
Home office/utilities, but I assume you already write that off and isn’t large anyways.
Mileage can add up a bit. None of that is going to help you much if you actually have no 1mil worth of income.
I’m not a CPA, but I’d imagine if you are bringing in 1mil in a year they wouldn’t want you taking all that as salary
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