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Author: 500PSI Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: newbie's really low-end questions.... Date: 10/16/2003 12:40 AM
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As foo barista suggested, you aren't going to be able to not pay taxes on income. Incorporating as a C corp only makes it worse (double taxation), an S corp is equivalent to just paying it to yourself. Where the advantages come in is all of the deductions you get to make.

1) If he wrote at home you can deduct some home office
2) did he use a computer? You can deduct that
3) Did he go to business lunches? deductible
4) Miles for travelling?
5) Other business trips, doing research etc
6) internet connection
7) cell phone

etc

With a corp you can have the corp pay all the expenses directly. Get a CPA and a lawyer. Try not to pay more than $500-1000 to incorporate.
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