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22 October 2015 | 9 replies
A single member LLC has NO effect on your taxes, unless you elect special tax treatment and the IRS approves that.
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21 September 2012 | 3 replies
Cameron Chesney,That would depend upon if you elected to have the business treated as a corporation or just allowed it to stay as a disregarded entity.If you did elect for corporate treatment, you will have to worry about estimated payments, withholding returns and so on.As you start to complete deals that will be different.
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8 February 2013 | 13 replies
You may want to try and hold each home for just over a year to see if you can get better tax treatment.
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23 March 2016 | 6 replies
Can you recommend a good post with instructions to follow and lawyer I can use in Dallas area that has a reputable BP presence, do you recommend I use one of the self-serve legal sites instead of using a legal firm, I am leaning toward using a local expert.Can someone speak to sole vs. multi member tax treatment in regards to the following scenario:-Both my wife and I will have properties in our name but not jointly on the same property.
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3 April 2016 | 15 replies
So it would not be eligible for 1031 treatment and the property would be treated as inventory subject to ordinary income tax regardless of holding period.If you're concerned about taxes you're much better off to hold it and put a rentor in for a year and refinance it to get your next property.
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7 February 2020 | 4 replies
@Dan O'MearaIt's important that you work with a tax advisor who understands what you're doing and can advise you.STRs have unique treatment under the passive activity loss rules and General Depreciation System.An RV is considered a "dwelling unit" under 280A case law.
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26 February 2021 | 124 replies
No programming of any kind, this (data input and treatment) was pretty much some excel work except for the word cloud where I used a software for the data treatment (the ref is in the credit slide).
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12 October 2017 | 7 replies
But it was so infested with roaches, that I'm on my 4th treatment.
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20 November 2015 | 22 replies
You might have to build a treatment plant.
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26 July 2017 | 35 replies
This is because Section 1031 (1031 Exchange) works in conjunction with Section 453 (installment sale treatment).