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A disgruntled ex-employed call the state, reported my family's glass business for sales tax evasion. One of several local state florida sales tax auditors called to schedule some time to pore through our books.

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For my wife, she was paid $54,187, which she is not taxed on for Social Security or Healthcare. He has to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.

If you add a C-Corporation to all of your business structure you can lessen your taxable income and therefore be qualified for one of those particular deductions in which your current income is too high. Remember, a C-Corporation is their own individual taxpayer.

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