I have included tax saving tips below. I’d like to open up a discussion about legal tax savings techniques centered around those making their money from Adsense and having an LLC. Every quarter I have to give our Uncle a big chunk of cash, and anything I can do to prevent that legally, I will. I’ll start this off by suggesting a SEP. This is a long term investment in your future, but rather than pay Uncle SAM all your cash, you can open a SEP and legally divert a good portion to your retirement. You can also legally avoid state and local taxes by living in a tax free zone. Many states offer programs where property, homes, condos and apartments are located in a tax free zone. For those of you paying big taxes, you could easily end up owning a condo with the cash you would have set aside for the government. If you buy a vehicle and its gross vehicle weight is between 6,000 and 14,000 pounds, you get $25,000 of Section 179 expense, plus bonus depreciation and regular depreciation. Anyone with more information? Let's make this thread the definitive guide to saving money with adsense.
My best advice is find someone that you *know* has a lot of money and makes a substantiial income every year and ask for their CPA's number. Do what you're good at, making money online, let the pros handle the taxes.
Sounds like you have the beginnings to a website or forum in itself - good information and no doubt a large audience would tap into it for ideas and guidance. Let me know if you get any articles with substaniated sources, I'll happily publish them for you on a few of my sites. I even have taxhelpsite.com which is just full of "borrowed" public domain information from Uncle (IRS) hoping some CPA will think it's a cool site name and buy me my own CPA - I'll publish there and at Heres1.com for you if you get something written up, but you'll need to break down the terms for we blondes of the world ... BTW - I love the verbage on your site's hit counter. Good Luck! w®m (dave's not here)