If you haven't yet found a CPA or tax professional to help you save on your tax bill each year, would you want BP to help recommend a tax professional for you? 

Maybe that is why the old owner didn't pay their taxes?

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

They were already $75 billion in the red (IIRC) and now this....Even with Federal money, the state is going to have to chip in a lot of $$$ and they just don't have it.e) I saw US Senators this am on TV promising to assist with aid to CA, but ONLY if CA changes it's policies towards, water acquisition and Forestry Mgmt.

Tax credit 45L for a 90 unit or 112 unit project? 

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

Hi All, any input on renovating a house and possible tax exemptions under an LLC?

If you live in CA, and your LLC is in OR, you still need to register it in CA and pay the 800 dollar per year LLC tax.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

You and Him are filing one joint tax return.