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2 November 2019 | 3 replies
@Amber C.You can but that would defeat the protection of the LLC as you will demonstrate that the LLC is an alter ego and as such would be totally disregarded.
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31 October 2019 | 11 replies
I'm finding that, like you say, many of the rules, laws, strategies, etc. need to be tweaked, modified or disregarded up here.Working on getting a good understanding of the maths involved.Have you found any particular strategies that work well, if not better in Canada?
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27 November 2019 | 37 replies
Now, if you're looking to flip a property, then disregard having any free time.
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18 December 2019 | 5 replies
I recently sold part of a property held in an LLC as a disregarded entity.
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19 December 2019 | 5 replies
SMLLC is disregarded by the IRS so it's treated as though it doesn't exist.
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20 December 2019 | 4 replies
It's disregarded- which means everything will report directly on your Schedule C as a business on your 1040- HoweverWith a flip all expenses related to it are capitalized and then expenses as COGS against the sale price in the year it sells.
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22 December 2019 | 3 replies
First of all, a sole member LLC is generally a disregarded entity and therefore treated the same as the individual for tax purposes.
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26 December 2019 | 9 replies
Also some differentiate the level of protection for single member versus multi members LLC.So to keep a good outside liability protection in weak states, a usual setup is to have all these single member LLCs in different states to be owned by a holding LLC in Wyoming where not only the outside liability protection is great but also offers anonymity.Tax wise it does not create any additional burden as all the single member LLCs would be disregarded by the IRS and would be consolidated on the holding LLC return (if multi member) or its owner (if single member disregarded).
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30 December 2019 | 6 replies
It can be taxed as a C corporation, an S corporation, a Partnership or be disregarded entirely.
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10 January 2020 | 7 replies
The real estate agent mentioned redundantly that it was a single-family home only, which I disregarded because of its clear layout as a duplex, possible triplex.