Russ Fox, Drew On Tilt - I started a thread on this over at:
http://forumserver.twoplustwo.com/10.../#post26617965
I too want to be able to set a salary, take advantage of health and retirement benefits, and also be able to use the corp for my consulting work.
Now the only problem I see is whether the "gambling" winnings are treated as a different tax bracket like on personal returns - I thought not, since for a corp, income is income is income.
In fact, isn't this what venture capital and private finance firms do every single day? Risk large sums in volatile investments that often end up being a write-off? Why not structure the corp so that a loan is being made out to the owner (or to other players even), and it simply has an interest plus a kickback component? (and some sort of flex payment for months where the income is not as high or where player did not put in as many hours)
I too am looking for someone local in Vegas who KNOWS WHAT THEY'RE DOING regarding this matter, but so far from my cold calls it seems like I'd be wasting my own time plus at least a few or several Benjamins just to get stuff that is not helpful or that I didn't already know.
So Russ Fox, maybe you're my man! Let me know if it makes sense to PM you to set up a private consult. I see that you're in California though. (I do play out there, but my home base is Vegas and the corp would be here as well.)