Hi guys,Quick question..I have W2 job and last year did around 85K gross from my job..Also in October last year I bought investment/rental property with 30% down..today my tax person told me-I owe the government $ 3,5K ...please keep in your mind compare to my coworkers I am paying crazy amount taxes during the year...I know each case is different and unique but is this even possible?

Section 8 is a government program that allows you to rent properties to lower-income residents in the Section 8 program. 

All levels of governments are doing their best to stop prices going up, decrease them and getting more revenue by taxing foreign owners.

@Vinh NguyenI am not an attorney but as I understand it, if cash is accepted as a portion of a home sale that isn't reported to the government, it is considered tax fraud.

Idaho is a non-disclosure state so the government has a very difficult time properly assessing property values and therefore the assessed value is often far less than market value, especially on older homes.

@Robin SearleMost people pay zero attention to their local a d state government.

She can charge 0% interest but would still be responsible for taxes based on the government AFR rate which is around 4-5%So at $400k she would be responsible for $16-20k in taxesYou can have a title company originate the note and mortgageWe do this stuff all day long as investors (not attorneys) so happy to help

While they are the only public LLC document, they do not govern LLC operations in any way; they do not determine who the actual members are.

However, if you are worried about being sued, you should use the best level of protection that you can afford.Your state laws: The laws governing asset protection vary from state to state.

My neighbor said he thought there might be a free government provided service but he can't remember the name.