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Tired of getting 1099's and filing Fed and State taxes

A friend of mine is helping people set up NM LLCs. The great thing about NM LLC's is that there is no filing requirements and is totally seperate from yourself. His website is http://notax.us I am just learning here, let me know what your thoughts are, thanks.

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INCOME TAX: SHATTERING THE MYTHS by Dave Champion

Income Tax is an Excise.
It has NOTHING to do with anyone who just earns money.

If you want to stop 1099's, then DONT SIGN W9s. Yes, people will get all huffy and puffy and claim you are required to sign that form or you can't work for them or get paid. They "claim" the "law requires you to" yet when you ask these same people what the law says about WHO IS and under WHAT CIRCUMSTANCES is to sign that federal tax form, they draw a blank and usually don't know how to respond.

BEST BOOK IS DAVE CHAMPION'S INCOME TAX: SHATTERING THE MYTH'S

The book describes in THOROUGH detail what the income tax is, who it applies to and under what circumstances.

By the way, the ONLY use for the form W9 is the following:

To track the flow of US domestic source income through its US domestic source pipeline to the foreign owner - - - - - THATS IT... That's the only use for that form. And that is also an excise tax. So the law is inline with it being an excise as well.

Here's another one of my statements from a while back. Hopefully this will give you a very general overview to get you started:

______________________________________________________________

The 16th amendment is a moot point. All it did was to confirm Congress' taxing power concerning income tax as an indirect tax!

Income Tax is an INDIRECT tax. It is NOT a direct tax as others here have suggested. 2 US Supreme Court Cases in 1916 settled this very question. They are:

BRUSHABER v. UNION PACIFIC R. CO., 240 U.S. 1 (1916)

AND

STANTON v. BALTIC MINING CO, 240 U.S. 103 (1916)

The Court said specifically in the Stanton case the following:
" it manifestly disregards the fact that by the previous ruling it was settled that the provisions of the 16th Amendment conferred no new power of taxation, but simply prohibited the previous complete and plenary power of income taxation possessed by Congress from the beginning from being taken out of the category of indirect taxation to which it inherently belonged, "

And as a side note, most tax professionals do NOT read the law to determine who is liable for the tax. Most tax professionals read IRS publications and just ASSUME anyone who makes money now owes an Income Tax.

IRS Publications are sort of like "New Letters" put out by the IRS to the tax industry, including mostly ALL CPA's and Tax "Professionals". The IRS has a manual available on their website which any one can go read. Here's what THEIR OWN manual says about their own publications:

4.10.7.2.8 (01-01-2006)
IRS Publications

"IRS Publications explain the law in plain language for taxpayers and their advisors. They typically highlight changes in the law, provide examples illustrating Service positions, and include worksheets. Publications are nonbinding on the Service and do not necessarily cover all positions for a given issue. While a good source of general information, publications should not be cited to sustain a position."

The IRS has plainly stated in their OWN manual that Publications are NOT to be cited to sustain positions about the LAW even though that is what all tax professionals do anyway. This is because IRS publications and pamphlets are NOT the law. The IRS has already vindicated themselves from people who WRONGLY use publications like law.

So hopefully this has gotten you on the proper path to actually understanding what the "Income Tax" actually is and especially what it ISN'T!

Love Liberty, be Vigilant

"Now the Lord is that Spirit: and where the Spirit of the Lord is, there is liberty" (2 Corinthians 3:17)

Faith in God will prevail all things!

I know a lot about the subject ...

... and your thread title is misleading at best.

New Mexico is unique in that it is the only state that does not require any annual fees or forms to be filed after the LLC is set up. All other states have fees and/or forms each year or so.

However, that is just the annual paperwork to keep the entity in good standing. It has absolutely nothing to do with federal or state income taxes or 1099's. To say it has something to do with those is a lie.

It is also not true that it is "totally separate from yourself." If a person files an LLC (any state) and is the only owner then it is considered to be the same as the owner for tax purposes, same as a sole proprietorship.

You did mention that you don't own the LLC, in which case you are probably hinting about having the LLC owned by a trust or other entity. In that case, the LLC itself does nothing regarding taxes (IRS views it as a "disregarded entity" and the owner is considered the "taxpayer").

Of course, some people refuse to accept IRS positions or the income tax as a whole, but that is another discussion (nothing to do with LLC's).

As you have presented it in this thread, you are misleading people.

thanks

the llc is not a taxpayer unless it raises it's hand and says it is a taxpayer.

mite this be an IRS sting job lol?

.

I'd be happy to do this for people in Florida.

I have a small business that assists with Taxes, Payroll, Accounting and other small business matters in Florida. I'd be happy to help my Daily Paul friends do the same. If you do ANY contracting work or if your employer would be willing to pay you as a contractor, I highly recommend forming an LLC. You can save yourself quite a bit of money and it's a fairly easy process. Message me though Daily Paul and it will forward to my email. :) Hope to here from you.

"When I say liberty I do not simply mean what is referred to as 'free enterprise.' I mean liberty of the individual to think his own thoughts and live his own life as he desires to think and to live..." - Robert A. Taft

dont

pay at all

NCMarc's picture

back in the day, a friend of

back in the day, a friend of mine used to just not fill out any government forms. none. zero. He never got a social, his parents were pretty bright people. When he worked, he got cash. This was back when you could have a bank account without a ssn. times have changed. it's nearly impossible now to do it and if you do, you will be flagged and hunted down. lol

-----
A great empire, like a great cake, is most easily diminished at the edges. - Ben Franklin

tasmlab's picture

The SS cards beat the baby home

With our three children, all whom had to stay in the hospital a little longer, the SS cards with their names on them seemingly beat us home from the hospital. It's a little creepy to get a government document with your 10-day-old child's name on it.

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

Good Luck

Right - Good luck with that one!

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employ...

mvs

You need to elect corporate status

If you are a single member LLC, you will be treated as a sole proprietor unless you request to be treated as a corporation. It's pretty simple to do.

"When I say liberty I do not simply mean what is referred to as 'free enterprise.' I mean liberty of the individual to think his own thoughts and live his own life as he desires to think and to live..." - Robert A. Taft

the difference

is that I dont own it, I manage it!