Your Canadian partner should really sit down with a Canadian accountant who specialises in cross-boarder business before signing on to ensure that he won't be incurring extra taxation.

Everyone wants to make money, but we also want to pick just the low hanging fruit, if we have to climb the tree, it better be worth it, in my neck of the woods, 100k in 6 months, that should translate to 50k in my pocket after double taxation and everything.

The involved capital would be quite high, considered the city, and so the related risks.Closing costs in Italy are around 15% and you need to understand the taxation system.

Yes, doubt you'll be doing much else, you first need to speak to your accountant and elect the taxation for the LLC, fill out the Articles and file that takes minutes on line, get an EIN number after the Articles are filed, with the EIN you can open the bank account with a small contribution, better just to put all funds in there that will be needed, if it's a large sum you could have clearance issues putting money in an hour before closing and asking for certified funds.

Some form of debt forgiveness without the phantom taxation so they can move on with their live and not be forever saddled with a debt they can't ever escape.Or, perhaps some sort of principal and rate reduction for people who can afford the new terms and remain in their houses.

With an LLC you can also choose your taxation, which makes it very helpful when deciding how you want the money flowing through the structure.

If you live in a property as your primary residence for 2 of the previous 5 years, your gains are exempt from taxation (up to a certain limit -- $250K or 500K).

We thought we would throw this thought out to BP to see what thoughts the experienced might have...Angela, taking early distribution from your IRA will subject you penalties are well as taxation (both on state and federal levels).

The parish (county other places) tax assessor assesses property values for property taxation purposes and it's similar to an appraisal, but not the same thing.

Purchasing this asset in a self-directed IRA or 401k could allow you to shelter the income from taxation and you could avoid the UBIT tax on a "flip" by holding the property as a rental before selling and realizing the appreciation.