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30 December 2016 | 7 replies
Only for the nine community property states, the IRS will allow an LLC to elect to be treated as a disregarded entity when husband and wife are the only members.
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25 September 2019 | 3 replies
For tax, if you're in a community property state, there's a rev proc out there that allows a solely spouse-spouse owned LLC to file as a disregarded entity for income tax purposes.
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5 November 2017 | 9 replies
I disagree and I think that he completely disregards the "snowball" effect, and the power of buying at a substantial discount and BRRRRing it.
28 December 2017 | 29 replies
If you fail to operate them correctly a lawyer can easily argue to pierce the corporate veil and disregard your LLc structures entirely.
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2 September 2022 | 24 replies
You have no track record on running a STR so the bank would most likely disregard the revenue.Also, I am not sure how you can transfer the reviews if at all.
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15 April 2018 | 1 reply
Single-member LLCs by default are disregarded entities, meaning the income is going to pass-through to your personal tax returns as if you were a sole proprietor.
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12 October 2015 | 6 replies
Your LLC as a Single Member LLC would be disregarded for tax purposes and the rental would be reported on Schedule E like normal.The pitfalls of holding RE in a corp long term are double taxation.
3 February 2016 | 6 replies
If your LLC is a single member (owner) LLC, it is disregarded for tax purposes, but regarded as a separate entity for legal (asset protection) purposes.
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19 January 2012 | 42 replies
The SM-LLC is disregarded only for tax purposes.
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10 August 2007 | 16 replies
When forming the LLC, I am wondering should I form it as a disregarded tax entity since I would be the only member of the LLC?