FlyerTalk Forums - View Single Post - Can a merchant account and credit card terminal be used to rack up points?
Old Dec 6, 2012 | 11:11 pm
  #34  
Insiderdude
All eyes on you!
20 Years on Site
 
Join Date: Jan 2005
Location: SoCal
Programs: AA EP, OZ Diamond, WS Plat, Avis CHM, Hertz PC, Hilton Diamond, Marriott Gold, Hyatt Globalist
Posts: 917
Why would taxes be a problem?

Again, if you're putting $30k of your own money, into your own sole proprietorship or a company, why would taxes be a problem if you classify the $30k as an owner/equity contribution? You didn't provide any service to yourself or generate any taxable income for said business, so the $30k can be just your capital contribution (nontaxable event) to the receiving company.

Only on FT would you find these threads ...
Insiderdude is offline