Creative Financing" is the sophisticated use of assets to leverage capital needs, no assets(?)

The S-Corp election allowed us to pay our taxes through payroll, eliminating the requirement to pay estimated taxes when the income was earned.

As others have mentioned, you normally pay taxes depending on the state where you have sales, payroll and property.You don't have any sales, payroll or property in Wyoming so you are not shifting any income to a state without an income tax.As such, the rental will still be taxed by California.

I'm guessing because a lot wholesalers don't have a big fast list of sophisticated cash buyers, the buyers who understand assignments and double closings, etc.

Hello sophisticated buy and hold, apartment &/or Multi family investors!

If by paying taxes on an additional 20k in taxes for a couple of years increases the value of the park by 200k then a real sophisticated and dishonest seller may be trying to pull a fast one.

You can also use entity structuring to do a hybrid ownership interest in an S corp or Multi-member LLC and thereby reduce your self employment tax which will ultimately reduce your penalties for paying late.If you did decide to do an S corp, you can pay your salary in the 4th quarter and that;'s when all the payroll taxes will be due Jan 31st of the following year.I hope these little tidbits help and no, it's not a dumb idea.

You can take Guaranteed Payments, which you can argue is similar to salary, but you don't withhold payroll taxes.

Contractors have families and bills too, Especially not just their own expenses but the business expenses running everyday when they have overhead , like renting a space , own a showroom, payroll expenses and a lot more expenses that only real professionals and people that own real business can understand.

What I'm curious to know is do contributions made to this account bypass self-employment taxes and/or payroll taxes or do these taxes get paid regardless?