Ben C.
S-Corp or LLC for flips?
7 June 2019 | 37 replies
The common vernacular is "S-Corp", but it's not really a separate entity type - it's simply a taxation election.A lawyer might be able to chime in better, but here is my understanding of the difference between an LLC and a Corporation.A corporation is required to have corporate officers that are technically subject to the shareholders.
Yas Tahir
Is passive rental income subject to Self Employment Tax
1 June 2018 | 18 replies
Go find another CPA immediately bad.Moving property out of a Corp is a taxable event, while it isn’t necessarily for an LLC, so that’s not a good thing.Also, if you are a S corporation if you want to take money out of the Corp you must first pay yourself a reasonable salary (and pay payroll taxes on that).If you are a C corporation, you are subject to double taxation (all income is taxed at the corporate level, and then again when distributed to you).If you are a real estate developer it makes sense to own property through a corporation, but not rental real estate.I strongly suggest talking to someone else about you tax situation.
Flora Granter
Tenant screening - need help
4 April 2017 | 42 replies
Here I usually ask for proof of income in the form of pay stubs and in summary form from the taxation authorities.
Ricardo P.
Stay at Home orders extended through May 15
13 April 2020 | 69 replies
Taxation without representation!
Alex Kholodenko
Commercial deal advise
18 January 2018 | 4 replies
We intend to buy more SFR and duplexes as well.What about taxes, what do you recommend we do from taxation standpoint?
Jessica H.
Property Manager Fees & Income Tax
8 October 2018 | 4 replies
Your question is a taxation question and the short answer is that pretty much every cent you spend paying the PM to manage your property is an expense that will be written off on your taxes.
Jay Hollis
Moneyflow for multiple LLCs and management LLC
16 January 2024 | 3 replies
The LLC owners are actually just my husband and myself, so it's all pass-through taxation.
Ali Amir
Real Estate Attorney with experience of working with non resident aliens
9 December 2013 | 2 replies
Ali, I don't think the structure or citizenship status have any relationships, the only issues is the aspect of taxation, pay here then in your home country.
Bruce Gardner
1099 Contractor Question for Newbie
20 June 2018 | 8 replies
@Bruce GardnerYou may be overthinking the fundamental concept of taxation: there is only one tax on the business profit.
Jeff Bousquet
Real Estate in LLC's Question
7 January 2018 | 2 replies
Exact rules and fees differ wildly from state to state.Attorneys often suggest that the legal protection of "foreign" LLCs is weaker than that of "native" LLCs - which also depends on the state and should be discussed with an attorney familiar with the state law.As to taxes, some states do have state taxation for businesses, and others don't.