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30 September 2016 | 11 replies
I pay ordinary repairs and maintenance from the operating budget.
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13 October 2016 | 2 replies
If not a capital asset the income would be taxed as ordinary.
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13 October 2016 | 4 replies
This needs to follow all the corporate formalities.Once your corporation specifically allows lending, then it will require a vote of the shareholders to make the loan because it is certainly out of the ordinary course of business for a tech company to lend money to a real estate company.After the shareholders vote to allow the loan, and all this paperwork is filed in your corporate binder, the corp can make the loan directly to the LLC.For tax purposes, the corp will not pay tax on the loan but will pay tax on the interest income created (3%) at whatever rate the corp pays tax.
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13 October 2016 | 17 replies
Take those away or lessen them to reduce my taxes on ordinary income takes away the best opportunity that I have as an individual in the poor and middle class to financially succeed and it puts me in the daily grind where I have to be at the whims of market forces and other people's selfish decision making for my financial future.I am not a billionaire or corrupt...that's class warfare that creates divisiveness, which does not create opportunity for any of us in any class.There are consumers and there are investors and that is driven by each person's personal decisions.
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15 October 2016 | 11 replies
Typically, companies don't just give out the contact information of their clients, so it seems out of the ordinary for a place like that to do this.
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9 October 2016 | 7 replies
I knew from an early age in life that I never wanted to be ordinary and wanted to do amazing things with my life.
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13 December 2016 | 31 replies
Most conservative folks would say more than a year but there can always be circumstances where less may be acceptable or more required.You're absolutely right about the enormous tax bill generated by ordinary income coupled with self-employment tax, and HCA surcharge.
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16 August 2016 | 45 replies
While the top tax rate for ordinary income is 39.6%.There is no true, evidence based reason to disincentivize actual work.
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19 February 2019 | 14 replies
When you go to sell the property in the future, any depreciation take over the years reduces the cost basis and will also have to be recaptured as ordinary income, when you are likely to be at a higher ordinary tax rate.
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12 February 2019 | 14 replies
Unless there was a special arrangement, the property was difficult to sell, or something out of the ordinary took place, the agreement is between the bird dog and buyer.