
19 October 2013 | 25 replies
Also, we still have to pay our state income tax as well as 3.8% healthcare tax when we sell.

14 August 2018 | 8 replies
This mentor/coach group uses some very aggressive tax strategies.When I mentioned this approach to my CPA he dismissed it almost immediately without much consideration at all saying it was too complex and expensive to maintain.Like anybody else I want to pay as little tax as possible but if my CPA does not buy into (or understand) the strategy is it really any good to me?

11 October 2018 | 64 replies
Ditto with S Corps, but income can be split between wages (with SE tax) and distributions (without SE tax).

29 July 2017 | 4 replies
If you are selling the property to the kid at fair market value, there is no gift or GST tax.

9 August 2017 | 19 replies
On paper, you may not end up with taxable income- I'd suggest seeing a professional.This is where a good CPA is worth the cost- they will be able to make sure you're getting every deduction and mitigating tax as well as implementing a good strategy.
6 January 2020 | 4 replies
Title Transfer Tax a. $30K one-time cost 2.
23 November 2017 | 8 replies
Email or call anytime - two of the people in our international group have law degrees in Tax as well as CPAs - we aren’t as expensive as big 4 but aren’t as cheap as the small firms.

26 August 2016 | 3 replies
this simply means you are in the business of buying and selling real estate and your income from such is ordinary income and depending on how you have it set up.. your subject to self employment tax as well.. you are no longer a passive investor.. the threshold I have always heard over the years is 7 or more in a calender year.

23 May 2011 | 14 replies
When I was flipping foreclosures my cpa brother-in-law told me to watch out about how many I did as the IRS would tax as ordinary income.

8 December 2012 | 24 replies
I have yet to meet an investor who has used this approach nor have I found a CPA who is familiar with the tax as applied to an IRA.