It's amazing how much you can learn from here in such a short amount of time.I'm in SE Washington (Tri-Cities) - if you ever need help in this area, just let me know!

Capital gains are for investment purposes and business property that is held over a year.Income from flipping is also subject to SE TAX. which includes both halves of Social Security and Medicare(Employee and Employer).

I am scheduled to get a home in Historic Anacostia under contract on Wednesday that has excellent rehab potential.

It's a detached 4 bed/2bath, 1760 sq ft on a 4,290 sq ft lot (double lot). Lot could be subdivided an...

I'm wondering if anyone from SE MI can recommend a home inspector that is also a structural engineer or foundation expert.

@Bill Walston is the tax expert for sure.All I do are assignments, and I pay a 13% SE tax because apparently tehre are some people that refuse to buy health care...not sure how that's realated to my business..but...

SE Michigan3.

It is not an average of the two years per se, as usually wages increase into the future.

Hi I'm a noob from se missouri.

ROBS stands for rollover as business startup.Over 20,000 ROBS have been funded to date and fortunately the IRS has published guidelines on ROBS.October 2008 Memorandum:First official publication where the IRS formally addressed the ROBS arrangement;IRS confirmed that these transactions may be not challenged as “non-compliant per se”;IRS summarized the steps involved in the ROBS transaction; andIRS identified compliance pitfalls including the failure to file the annual retirement plan form 5500 tax return, the failure to file the corporation’s tax return, & the failure to obtain an annual valuation of the plan’s assets including the investment in the corporation stock2009 - ROBS ProjectIn 2009, the IRS initiated a “ROBS project” to define traits of compliant ROBS plans and in doing so acknowledged that a ROBS transaction can be conducted in a compliant manner. 2010 – IRS Telephone Forum In a 2010 telephone forum conducted by the IRS, the IRS’s Director of Employee Plans Examinations Office and the Area Plan Manager stated that ROBS transactions are not “abusive per se” and that “you can have a textbook ROBS that is pretty much problem-free.”Fall of 2010 Retirement News for Employers: Brief SummaryThe IRS confirmed that the ROBS transaction is not considered an abusive tax avoidance transaction;The IRS confirmed that it does not protect business owners (also known as the plan sponsor) from incorrectly administering the retirement plan;The IRS confirmed that if the rules are not followed the retirement plan will be subjected to adverse tax consequencesFebruary 2013 Employee Plans Compliance Unit ROBS Project: Brief SummaryMuch of the same information contained in the October 2088 Memorandum was published in this summary; andThe IRS again confirmed that ROBS is not considered abusive transaction.

Can't be in SE MI can it???