Hi again.I've been amazed at what I've been able to learn about tax strategies online, especially here. One area I haven't been able to find much about is tax strategies for dealing with windfall income. I'm hoping someone here might be able to point me in a useful direction....I'm a writer, and receive royalty checks every six months. Until recently, they weren't all that significant, and I never had to pay additional income tax (just the self-employment tax). However, the royalties have now become more significant, and while I'm thrilled at finally making some real money from my scribbles, it's disheartening to see so much of it being eaten up by taxes.Any ideas where I might find some advice that would allow me to preserve more of my income?Thanks in advance.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra