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1 July 2018 | 6 replies
There is definitely double taxation when you pull money out (unlike pass-through) but I imagine you're wanting to keep the money (marketing budget, new offices, etc.) reinvested in the business, thus "avoiding" the double taxation.
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16 March 2008 | 19 replies
Creates double taxation on dividendsDBA - no upside, nothing but downside.
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17 October 2016 | 16 replies
When I noted that an owner may select S-Corp taxation, I am aware it is also a disregarded entity, but the treatment of certain activities will differ from an entity not taking this election.
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28 March 2016 | 5 replies
Bugs in taxation software doesn't really promote warm fuzzy feelings.
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5 December 2014 | 80 replies
Short term capital gain tax at 25% $12,863Self Employment tax at 15.3% $7,872Total loss to silent partner $20,735Net profit after tax $30,715$30,000 in six months is still a sweet deal.
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14 March 2011 | 3 replies
In theory, there is nothing complicated about this transaction (and it would work the way you stated -- the company would purchase the property from you at market value, which would be the purchase price assuming it was shortly after purchase).That said, it sounds like you have some gaps in your knowledge about corporations (based on your comment about taxation), so I would highly recommend talking to a qualified CPA and/or business attorney.
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15 December 2011 | 14 replies
A CPA is not required to take any CE in taxation after they have their license...
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16 February 2018 | 8 replies
@Donald ShaverYou have several issues with your strategy and I would suggest you speak with a professional.Firstly, non-recourse loans will typically require more like 35-40% down and 10-15% in reserves.Combining tax-deferred and Roth funds can be done, but can get structurally complex.UDFI taxation applies on the percentage of income derived from the borrowed capital.
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22 July 2019 | 7 replies
I haven't seen any Maryland transactions have issues because of an out of state LLC, as long as the LLC is listed with the State Department of Assessment and Taxation as a Foreign Business Entity.
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16 October 2020 | 2 replies
Ryan, I recommend finding an accountant who specializes in real estate taxation over one that is local.