Kenneth Joseph Perfido
Creating LLC in a new state
29 January 2025 | 2 replies
However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
., I left Anderson for a small firm that will do the actual taxes and then another company that specializes in tax strategy.
David Switzer
Question about ADA (no one seems to be doing it?)
14 January 2025 | 5 replies
Not an ADA expert, certainly not a lawyer.
Juan Perez
Turning a Primary Residence into a Rental
28 January 2025 | 4 replies
I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
So the question becomes based on their individual and personal tax situation what is the estimated tax burden they'd save?
Melanie Baldridge
My opinion: 401K VS RE
22 January 2025 | 8 replies
Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
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.
Valentin Diaz
Fire Code Compliance
6 January 2025 | 3 replies
My question is can anyone point in the direction of someone who could represent me in this matter maybe a lawyer or attorney, or someone who knows the fire code and who can be clear and concise on what I need.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.