
8 January 2016 | 4 replies
That doesn't make sense as it wouldn't be over the threshold to tax at 20 percent.

4 January 2016 | 59 replies
I want learn if there are any tricks like lower taxation, or incentives in some states.

12 December 2015 | 5 replies
According to the Ohio Department of Taxation, "every nonresident [of Ohio] having Ohio-sourced income must also file."

21 March 2017 | 11 replies
@Derek BennetsenTo clarify, a Solo 401k is specifically exempted from taxation on Unrelated Debt Financed Income (UDFI) when the plan acquires real property using a mortgage.
7 April 2017 | 26 replies
None of the common softwares out there do this automatically.A C-Corp can be a good structure, but it does come with a lot of other headaches as well as the double taxation issue, so make sure this is really the best scenario for you before you head down that road.

8 April 2017 | 19 replies
I don't know how much debt you have in the place currently or what your basis is, but a 1031 offers a good deal of flexibility for you regardless and would allow you to move into a more diversified portfolio, potentially even using your other cash to expand the exchange further, and defer taxation on a pricey piece of RE.

1 April 2017 | 10 replies
With any entity consideration, it's always good to consider things from 1) Insurance, 2) Taxation, 3) Legal, 4) Financing perspectives - would be fun to get your attorney, insurance agent, banker/mortgage broker and accountant together in a room and get the lowdown on S-corps, LLC's, trusts etc, to see how they consider each of these from their viewpoints!

5 November 2016 | 4 replies
This gave me the ability to contribute up to $5,500 pre-tax at my own discretion to limit my tax liability come tax season.

8 November 2016 | 5 replies
If you are using the LLC to provide a product or service and generate earned income, then that LLC could sponsor a Solo 401(K) plan.Generally speaking, if you qualify for a Solo 401k - both today and for the long term, there are some advantages to the Solo 401(k) format in terms of higher contribution limits, elimination of UDFI taxation on leveraged real estate investment and a few other factors.

8 November 2016 | 2 replies
You need to be careful not to be providing services or adding value to the IRA personally.Such transactions will have exposure to UBIT taxation, since they are considered a trade or business and not passive investments.