Why would you want to pay taxes on software patents, when you can just sell them for a profit?
That’s the argument made by Michael Sivak and James Martin at Forbes, in an article titled How to Avoid Paying Taxes on Your Software Patents.
It’s not that the patent system is broken; rather, it is broken for the same reason that a broken pipe is not always a sign of a broken house: you can’t pay for it.
As the story goes, Sivack and Martin got a copy of a software patent that they thought was worthless, and they thought that selling it for a “fair” price was a good way to get a piece of it.
That’s what they did.
They sold it for $2.50.
(I’ve removed the part where they said they’d be getting their fair market value, but you can see it in the video.)
They then got a few more copies of it and sold them for $6.99.
Now, they’ve paid taxes on $1.2 million worth of the software, which is the difference between the price they paid for the software and what they were actually paying for it to begin with.
(To be fair, they only paid taxes for the first half of the sale, and that $1,000 they got from selling the software was all for that first 50 copies.)
This is not a good business model, especially for someone who’s not an accountant.
If you’ve got a software product that’s worth a lot of money and you don’t want to sell it for that price, it’s time to consider your options.
And this article has three options to help you do that.
Stop making money.
In the example above, Sivan and Martin sold the software for $5.99, but then they got a bunch of copies and they didn’t get their fair value.
Sivan told Forbes that they paid tax on the first 50 copy(s), but they didn’st get the whole software for free.
They got a couple of hundred copies of the first two.
(This is the most efficient way to go about paying taxes, but the second option may not be the best.)
So if you’ve made a big bet on a product and you want some extra cash, this may be a good time to sell off the first few copies.
Sell the software at a higher price.
Another way to avoid taxes on the software is to sell the software to a third party, but this may not make sense for many software companies.
For example, many small companies have limited budgets to get their software into the hands of users, and selling the licenses for $30 a pop would be a terrible deal for them.
Instead, the best way to make money off the software you sell is to simply make a profit off the royalties that you collect.
This may sound like an awful strategy, but in the case of software, there are lots of other ways to get money.
If a small company sells the software directly to a large company, the software company will probably collect royalties for the licenses.
But if you sell the license for a lower price to a larger company, it will likely collect royalties from the smaller company for the licensing.
So if a small software company is making a lot more money from selling licenses than it’s making from selling software, then it may be worth selling the license to a big company and using the royalties to make a bigger profit off of the licensing than it makes off of software.
Buy software directly from the manufacturer.
Sivak’s and Martin’s article doesn’t offer any real advice on how to make sure you pay the taxes you owe on your patents, but it does give a few tips on how you can avoid paying them.
Here’s what you should do if you’re not sure whether you owe taxes: First, go to the IRS website and get an estimate of your tax liability for the year, including how much tax you owe.
You may need to do this at least once every year, as the IRS can adjust its estimates based on changes in tax law and your income.
Also, make sure that you pay your taxes on time.
If your taxes aren’t due in time, they can add up quickly.
(For example, if you filed your taxes in October and your tax bill in March, it may take up to a year for your taxes to be due.)
Second, if your tax return isn’t complete, go ahead and fill out the Form 1099-MISC, which shows how much money you made on your investments during the year.
If the IRS tells you that it can’t show you how much you made in the year due to a change in accounting rules, you may have to fill out a Form 1095-MIS.
Finally, if the IRS decides that you owe more than $10,000, it might ask you to pay a penalty. If