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  You are here:  AllExperts > Business > Corporate Law > Tax Law (Questions About Taxes)

Expert Profile: Richard Fritzler

Expertise:  Specializing in Business and Corporate taxation. Comparing the advantages and requirements of different business entities, such as Sub-S Corporations, LLC`s, Partnerships (Both Limited and General), Doing Business as a Sole Proprietor, or Using a C-Corporation. Issues regarding K-1 distributions, 1040, schedule C, 1120, 1120s. Are you considering domiciling a Corporation in a low tax state? I can review the benefits and misinformation that exists.

Experience in the area
I have been in the business of assisting business owners in reducing their taxes and liability since 1986. The company is Owelesstax, incorporated, at www.owelesstax.com

Organizations
National Small Business Owners Association.
Publications
Contributing author to "The Corporate Standard Newsletter".

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What do you like about this subject? 
Business
Business is the backbone of our economy and therefore of this great nation. In these current economic times it is imperative that all business owners operate at the highest level of competency. We are judge by a much higher standard than the average citizen. I help business owners succeed.
What do you still hope to achieve/learn in this field?  Most Business People are successful "in spite" of what they know. If we can raise the level of understanding for business owners, we strengthen this Country. Small Business is the Backbone of this country. Small business creates most of the jobs and most of the innovation in this country, but most business owners don't realize their potential.
Something interesting about this subject that others may not know:  All of the most successful large businesses in this country are incorporated. All of the most successful mid-sized businesses are incorporated, and most of the successful small businesses are incorporated. It seems that only the "S"mall, "S"truggling, un"S"uccessful businesses choose to do business as a sub-s, or worse yet an LLC or partnership.
Something controversial or provocative about this subject  Taxes are lower, deductions are better, and you are far less likely to be audited if you do business as a Real Corporation. Corporations have been recognized in this country longer than the constitution. They are well repected in Business. If you want to be Rich, Look at the poor people and DON'T do what they do.
Average Ratings
Prestige Points: 30004
Knowledge   9.95   Best of the best
Clarity of Response   9.88   Best of the best
Timeliness   9.92   Best of the best
Politeness   9.97   Best of the best
Number Of Questions
(in Past 24 Hours)
0
Max Questions to be Asked
(in 24 Hour period)
5
Total Questions
(since joining AllExperts)
1732
Recent Reviews from Users
KnowlClarityTimePolitenessDate
1010101012/01/08
101011/26/08
1011/24/08
1010101011/20/08
1010101011/19/08
User Comments
Thanks for the prompt response. It gave me some things to think about.
(Mary on 11/26/08)
Thanks!
(Lesli on 11/20/08)
Thanks. That answered my question.
(Russ on 11/19/08)
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Recent Answers from Richard Fritzler
2008-11-25  c-corp medical premium deduction OHHHH, congratulations. It is far too rare that I hear of someone choosing to do business as all of the most successful businesses do. In order for your corporation to pay for those expenses, it...
2008-11-25  change of llc from three 3 to one foreign corporation member LLC's are pass through entities and as such are always on a calendar fiscal. Tax Pitfalls? Oh yeahhhh. All of the profit will be subject to a 30% withholdings in the US. The LLC is not a good...
2008-11-25  Homeowners Association Taxes Addendum: When I suggested that the HOA might deplete it's reserves on improvements, I would not suggest that YOU make those purchases. You see, the personal liability comes when someone chooses to make...
2008-11-25  Owner Finance Payment Taxed Why? because you are using that money to make an investment. Investments are done with "After Tax" dollars. You could deduct the finance interest, except the seller is charging no interest. You are...
2008-11-24  sole member LLC: adding member or transfering ownership in NJ The Grunt working for the state of New Jersey is mistaken. Your son can own an interest in an LLC. He might be restricted from being the Manager, but he can be an owner. You can still give him a membership...
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