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A comment on Show HN: Pay Rent to Yourself and Deduct it Twice like Walmart (Save 33.5 Mil).

Re:Show HN: Pay Rent to Yourself and Deduct it Twice like Wa... by BillSaysThis on Wednesday August 03, 2011 @12:27AM (#2839835)
"Does this still work? Federal corporate tax law has closed this loophole, so this tax model is no longer useful for federal level taxation."

So individuals, corps, no one's really going to get away with this who isn't already.

[ Parent | on HN ]
Re:Show HN: Pay Rent to Yourself and Deduct it Twice like Wa... by camz on Wednesday August 03, 2011 @01:18AM (#2839918)
This loophole is closed for federal corp tax, but its still available for state tax planning.
[ Parent | on HN ]