Highly recommended (Won't let me post contact info):Mark MurrellJBGoodwin RealtorsWestlake Division Vice President | REALTOR1613 S.

She is honest and knowledgable.Anna Stollings ~ RealtorMulti-Million Dollar ProducerOAR Presidents Sales ClubHigh Point Real Estate Groupwww.AnnaStollingsHomes.com

Yes, I have read flippers can experience SE tax benefits be electing to be taxed as an s-corp.  

@Andrew R. the NRW 91-01: Withholding on Sale of Real Property by Nonresidents is a good link - I went to bookmark it and found I had already done so in 2012 :)My understanding is that it's "withholding" meaning the seller may get some or all of it back once s/he/they file a tax return in Rhode Island for that year.Also a close reading mentions a possible exemption for sellers 55+"In the event that the sale of the property by a nonresident will not be subject to tax under Sections 121 (One-Time Exclusion - Over 55 Principal Residents)... the nonresident seller must make the gain election and file the RI Form 71.3 Election even though no withholding need be made""If the property Martha was selling was her residence and if she otherwise qualified and intends to treat the sale under Section 121 of the Internal Revenue Code (one Time Exclusion Over 55 Principal Residence), she would still have to file the election form 20 days before the closing but would complete the election form and use the special types of transactions area on the back.

Not working more hours than that (750) for any other income.Then I realized that when managing multiple properties there are additional rules and to get around it one can permanently elect to treat them as one but then it could fire back when selling one of the properties... and then I am lost.Can you recommend prescriptive guidance on it?

Phillip Thatcher, the president of Landlords of EJC has been approved as a Speaker at the Independence Council Meeting, he has been given only 5-min to speak; but, that should give him enough time to express our "points of opposition" to this Article.

I just got a call from their president, Constantine Kaldis, asking if I was interested in a position with them of "Real Estate Manager".  

The more I learn about it the more I find out how local politics plays a huge role in forcing such a law to get elected. 

I tried to get the Mayor and Council to approve a slight increase, which was voted down 3:2 (being that the November election is coming up). 

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.