Since you're in Atlanta, you’ll need to file both federal and Georgia state corporate taxes.Deadlines:Federal: Typically due by April 15 (if your fiscal year ends in December).Georgia State: Usually aligns with the federal deadline.Penalties:Federal: Late filing can result in a 5% penalty per month on unpaid taxes, up to 25%.State: Georgia also charges penalties and interest for late filings and payments.Filing Options:Federal: You can file using the IRS e-file system or tax software like TurboTax Business.Georgia State: You can file online at the Georgia Department of Revenue’s website.If you’re pressed for time, file for an extension to avoid penalties!

@Vivienne Affat, as Katie noted, first time flippers tend to be hard pressed for private loans.  

My son will be helping us with marketing, advertising (if needed), press coverage (if needed) and finding investors / lenders (if needed).

I could see it exploding accidentally if it was in use but it doesn't make sense at all.

I'm a little pressed for time but check this link - https://www.irs.gov/businesses.... and Publication 523 for more information. 

It would probably best work just pressing a end of current C4D with entering the new "rubber stamped" C4D with yourself.

I started out as an accidental landlord.

If mixed in with your deposits and reserve funds, you may accidentally spend money you shouldn't have.

an accidental BRRRR basically.i'd rather have less cash flow but more capital to deploy than vice versa. 

There is likely a work around to claim some sort of something to get to the point of writing off the expenses but you might be hard pressed if you were to get an audit.