Disregard of legal formalities.17.

I understand that an LLC can elect different tax status: S-Corp, C-Corp, Partnership, or disregarded/pass through entity. 

All of these epic shifts, first meet with total disregard and laughter UNTIL they are hitting on beast-size. 

If the property is currently listed, please disregard.”

Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Essentially, if that entity is a "qualified business entity", and the husband and wife choose to treat it as a disregarded entity, the IRS will respect that classification.On the flipside, if they choose to treat it as a partnership for Federal tax purposes, and file a partnership return, the IRS will accept that the entity is a partnership for Federal tax purposes.A business entity is a qualified entity if:1) The business is wholly owned by a husband and wife as community property under relevant laws,2) No person other than one or both spouses would be considered an owner for Federal tax purposes,3) The entity is note treated as a corporation under Reg. 301.7701-2

The official CORE CPI disregards housing and food, which apparently to the government metrics, is not a true measure of cost of living.

""If the activities of A or B constitute "doing business" in California, X and Y are also "doing business" in California due to their ownership of the disregarded entities.

Typically you see LLCs...some disregarded and often a separate property management company if dealing with multiple properties being self managed.

Pass-through entities and structures include Sole proprietorships (no entity, Schedule C), Real estate investors (no entity, Schedule E, Disregarded entities (single member LLCs), Multi-member LLCs, Any entity taxed as an S corporation, Trusts and estates, REITs and qualified cooperatives.

Disregard advice that does not come from someone who is an enrolled agent (licensed to represent taxpayers before the IRS).