Or, you should most definitely check out the WordPress Semiologic Pro theme which enables you to write an ordinary blog “page†(not post, though the process is exactly the same) and save the page as a Sales Letter Template.

Because it is out of the ordinary and anything out of the ordinary may require an exception, which then will bring on further scrutiny.

That means that you will owe ordinary income taxes plus 10% for that year, and if its been several years since the violation occurred you'll owe all the associated interest and penalties for the intervening period.

Instead of buy fix flip, you could buy fix rent then evaluate after a while and then either hold and refi or 1031 into another property.Doing it this way opens up numbers of tax mitigating opportunities including depreciation, 1031 exchanges, a shift from ordinary income tax to capital gains, etc.There is no statutory holding period, only the question of your intent.  

Flipping is ordinary income tax plus self employment plus aca surcharge. 

Basically you are stuck paying the taxes at your marginal tax rate as flip income is taxed as ordinary income. 

Or perhaps a front patio will work to save money?

@Tim ODonald, Whether or not a profit is taxed as ordinary income or capital gains has to do with two things - Your intent and the length of hold.If you own a property for more than a year and sell it is taxed at capital gain UNLESS... the IRS determines that you purchased the property with the primary intent of resale in which case the asset is treated as inventory, you are a dealer you pay ordinary income tax.Having an LLC does not change the above. 

If your passive loss is greater than your passive income, then your net passive loss is carried forward to the next tax year.There is a special rule for residential rental property activities with active participation that allows you to use your net passive rental losses to offset up to $25K of your other ordinary income.  

If you are able to implement a real estate professional status tax strategy (REP) you can use passive losses from syndication deals to lower your ordinary W2 income.