Taxable income is not cash flow.There are a myriad possibilities for taxes.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

My last Tax Deeded Property returned 233% ROI.

I know the IRS asks about entity vs personal members and if they're foreign or not specifically on the 1065 and other tax forms. 

I could also see 15% corp tax and the whole no tax on tips thing.

Hello,I was wondering if anyone has participated in the Philadelphia tax foreclosure auction recently and how long it has taken you to receive the deed?

Where is the income tax of 49% here?

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat  Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?