![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1711687/small_1621514963-avatar-anthonyn126.jpg?twic=v1/output=image&v=2)
17 January 2021 | 7 replies
Originally posted by @Bill Hampton:Anthony, Since you are looking for an accountant who specializes in real estate taxation, I recommend looking for a tax strategist who is willing to work with you throughout the year, not just when preparing your tax return.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/417089/small_1621450258-avatar-jasons83.jpg?twic=v1/output=image&v=2)
18 February 2022 | 7 replies
Yes I have heard of the possible double taxation if a Canadian has a LLC opposed to an entity such as an LP.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/733924/small_1655641700-avatar-ekrem.jpg?twic=v1/output=image&v=2)
18 July 2022 | 17 replies
Additionally, if someone is out of state or the property is held by an LLC, an escrow holdback towards taxes owed is held (and some people don’t like that because they want all their money, even if they do owe it to the irs/ state dept of taxation).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/52911/small_1668272119-avatar-bryanhancock.jpg?twic=v1/output=image&v=2)
28 March 2018 | 32 replies
In LLC's the taxation depends on your role in the company.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/679596/small_1694658647-avatar-waynelittrell.jpg?twic=v1/output=image&v=2)
7 February 2017 | 5 replies
If your S-Corp generates more than 20% of its revenue from passive activities, the IRS can (and frequently will) disallow your S-election and change your designation to a C-Corp, which will then subject you to double taxation, higher corporate tax rates, etc.Please make sure you understand all the special circumstances involved in owning rental property in an S-Corp before you move forward with this.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/352515/small_1621446095-avatar-lesleyr.jpg?twic=v1/output=image&v=2)
21 June 2017 | 4 replies
There are few options:1) Custodial self-directed IRA. 2) Checkbook IRA, allows account holder bypass the custodian/administrator and be able to make investment, pay investment related expenses without using a middle man. 3) Truly self-directed Solo 401k, custodian is not required, offers checkbook control over your retirement funds, contributions up to $60K, exempt from taxation on leverages real estate and more.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/403389/small_1694795991-avatar-mattm63.jpg?twic=v1/output=image&v=2)
11 April 2017 | 9 replies
I've read some articles saying the argument is that I don't collect sales tax at the time of sale, however nothing in that document says that a stipulation of being tax exempt is that the good will be taxable at the time of sale.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/442017/small_1694608092-avatar-brianm101.jpg?twic=v1/output=image&v=2)
25 March 2020 | 71 replies
Do you believe the person who you are going to exchange money for paper permission is constuitionally correct in their taxation ie theft of your effort to improve safety and function of your home?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/695513/small_1694946788-avatar-davidj160.jpg?twic=v1/output=image&v=2)
26 June 2018 | 2 replies
.— (a) There shall be exempt from forced sale under process of any court, and no judgment, decree or execution shall be a lien thereon, except for the payment of taxes and assessments thereon, obligations contracted for the purchase, improvement or repair thereof, or obligations contracted for house, field or other labor performed on the realty, the following property owned by a natural person: (1) a homestead, if located outside a municipality, to the extent of one hundred sixty acres of contiguous land and improvements thereon, which shall not be reduced without the owner’s consent by reason of subsequent inclusion in a municipality; or if located within a municipality, to the extent of one-half acre of contiguous land, upon which the exemption shall be limited to the residence of the owner or the owner’s family;Florida statutes provides:(1)(a) A person who, on January 1, has the legal title or beneficial title in equity to real property in this state and who in good faith makes the property his or her permanent residence or the permanent residence of another or others legally or naturally dependent upon him or her, is entitled to an exemption from all taxation, except for assessments for special benefits, up to the assessed valuation of $25,000 on the residence and contiguous real property, as defined in s. 6, Art.