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About Richard Fritzler
Expertise
I am in the business of tax planning for business owners. Our company helps business owners structure so that they can be reduce the taxes that they owe, making them far more profitable.

Experience
Since 1986 I have been helping successful business owners reduce taxes, protect assets, and limit their liability. The company is Owelesstax, incorporated at www.owelesstax.com


Organizations
National Small Business Owners Association.
Nevada Association of Listed Resident Agents.
Citizens Legal Association
The Business Owners Institute

Publications
Contributing author to "The Corporate Standard Newsletter".
I am also a writer for an email newsletter about business
Googlegroups/Successfulbusiness
I am also an Expert in the areas of Tax Law, Retirement Planning, and Estate tax issues.

 
   

You are here:  Experts > Real Estate > Tax Planning: U.S. > Tax Planning > extra income

Topic: Tax Planning



Expert: Richard Fritzler
Date: 7/13/2007
Subject: extra income

Question
Hi
I have just started a new job,and I have the opportunity to make lots of overtime pay.
How can I put this somewhere where uncle sam cant get his fingers on it?
I am open to creative ideas.

Answer
Your new employer is going to withhold all the taxes that are due on all the money (even the overtime) before you see any of it. You will get the net amount. Unless you owe the IRS back taxes they won't touch any of that money.

As a payrolled employee there are no tax breaks.

Sorry, but creativity does exist at a business level not at the employee level.

Richard Fritzler
www.owelesstax.com
E-mail expert@owelesstax.com  

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