Sounds like the whole “set up a company and let us buy shares” was a tax dodge a... | Hacker News

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permatech on June 30, 2019 | parent | context | favorite | on: My $3.3M Mistake (2009)

Sounds like the whole “set up a company and let us buy shares” was a tax dodge and this kid’s ignorance got him burned

gjmacd on June 30, 2019 [–]

Not sure about the tax dodge, but more about the Dad loaning him $20K and getting something from the investment. I think a lot of people just do "DBA's" and think "I'll just cash that as an alias DBA..." -- there's implications to that. But if the money is not a lot, under $10K, it's not worth worrying about

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