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Old 02-08-2011, 09:38 PM   #2252
sgtclub
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Join Date: Mar 2003
Location: Survivor Island
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Re: Maybe you all should go back to citing blog quotes after all?

Quote:
Originally Posted by Adder View Post
I've never run a business, thus I don't know what you mean by "zeros out." Feel free to explain.
It means, for example, that he will pay a third payroll in December or pay January rent in December, so that he can "zero out" his profits. It is certainly not illegal. He will still get taxed on his draws.
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