:protest: His take was that this S-corp election requires Schedules C and SE, putting a red AUDIT ME sign on your back and exposing investors to a high risk of audit (more highly audited than any other type of return).

(Of course, maybe you are, and would be)Second, that you can buy 12 units is a red flag.

However, the salary has to be reasonable to your industry and an extremely low salary pretty much throws up red flags for an audit.

I buy a 4'x8' sheet of Yellow and have it slice up into 18"x24" pieces and then write on them in Bold Black magic markers $2 or less in each sign.

On a deal like that by the time you foreclose and take back the property and spend just a couple of $$$$, you are in the red to begin with.

I think that it is pretty bold for you to insinuate that I do not run my business on the up and up based on one question.

Just as important, never pay a contractor upfront for anything until after the first week of work is performed (at least for major jobs, some jobs are only a few days).Some dishonest people will ask for some ridiculous 50% upfront, that should be a red flag. never pay that kind of money upfront and if they want money for materials to start, have them give you the item list and then go pay for it at the store where the items will be purchased.Also, Kevin pointed out that you should receive a lien release from your general and any and all subs.

Went with the house my wife liked the most...the 4920 Red Robin in Alpharetta, GA.

Gold up from $200 in 2001 to $1540 now is the RED flag something is wrong in the country... 250k people lost their job last month, only 54k created (minus 40k from Mcdonalds).. no recovery, massive debt climbing..

Now we won't pay you a red cent"Or, maybe he cuts a finger off while installing the system.