You have many options, and both of them suck.
If you want to complicate you tax life, set up an S-Corps (pass-through) LLC so that none of your Substack profits are taxable.
This sounds like a job for a Certified Adult. I keep meaning to find one of those.
They're expensive.
I have never NOT filed an extension so I can wring my hands about how terrible the process will inevitably be for another six months.
If only the anxiety became more diluted the longer we draw it out.
Why is that not a thing?!!!!
If you want to complicate you tax life, set up an S-Corps (pass-through) LLC so that none of your Substack profits are taxable.
This sounds like a job for a Certified Adult. I keep meaning to find one of those.
They're expensive.
I have never NOT filed an extension so I can wring my hands about how terrible the process will inevitably be for another six months.
If only the anxiety became more diluted the longer we draw it out.
Why is that not a thing?!!!!