All Forum Posts by: Simon Filip

Does anyone know of any wholesale or foreclosure inventory specifically in Paramus New Jersey? Please private message me

Hello W. Alex Benitez I am a CPA located in Northern New Jersey with clients across the State and the country. I communicate with clients via email, phone, skype and of course in person. One of my areas of expertise is the taxation of rental real estate. Feel free to contact me or send me your contact info.

Hello Gurpal Cheema , I saw there were no responses to your post. I am a CPA located in Northern New Jersey with clients across the State and the country. One of my areas of expertise is the taxation of rental real estate. Feel free to contact me or send me your contact info.

Hi Harpreet Walia I am a CPA located in Northern New Jersey (Paramus) with clients across the State and the country. I communicate with clients via email, phone, skype and of course in person. One of my areas of expertise is the taxation of rental real estate. Feel free to contact me or send me your contact info.

Hi Ashley Toussaint I am a CPA located in Northern New Jersey with clients across the State and the country. I communicate with clients via email, phone, skype and of course in person. One of my areas of expertise is the taxation of rental real estate. Feel free to contact me or send me your contact info.

I agree with @Steven Hamilton II you will likely have to register each LLC in the series in Maryland.

I always caution clients considering a series LLC. Conceptually, a Series LLC is created to reduce costs and simplify the structure. It is certainly a "good fit" for some entities, but should be reviewed with both an attorney familiar with Series LLC and a Tax Adviser experienced with the structure.

There have been occasions in practice where I have found the goal of reduced costs and administration of a series LLC has fallen short. For example a Series LLC created in Delaware that had rental real estate investments in multiple states. Additionally, a Series LLC that had a presence in California (which does not recognize the Series LLC) and was subject to the $800 annual LLC tax for each series. Additionally each series with California nexus was required to file a separate tax return. This caused additional tax preparation work (fees) and confused the investors that were receiving more K-1s than expected.

If you have additional questions, feel free to contact me.