If your S-Corp generates more than 20% of its revenue from passive activities, the IRS can (and frequently will) disallow your S-election and change your designation to a C-Corp, which will then subject you to double taxation, higher corporate tax rates, etc.Please make sure you understand all the special circumstances involved in owning rental property in an S-Corp before you move forward with this.  

Your LLC can simply take the "S"-election or you can form an S-Corp before selling and deed the property into it before accepting an offer.

Thus, your spouse must contribute 500 hours to each property separately in order to materially participate.Luckily, there is a way around this via a grouping election.

This is good news for investors:"CHOICE Act 2.0 switches stance on structure of CFPB leadership Following through on promises made by President Donald Trump, leading Congressional Republicans unveiled a new replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act.

This includes partnerships and those electing S-Corp treatment, which are both disregarded entities for tax purposes.

. ;-)When I buy a house in my corporation name, I sign the agreement with my name and title in the Corporation, which is President.  

One huge difference these days is that it's now lawful for the MLO to get paid any more or less depending on if you get an ARM, what rate you get, how many discount points you elect to buy, interest only v amortized, etc.

Do you obey officials not elected, not voted, not listed on our constitution?

Based on the discussion in class, it seems that as a business owner you can elect to immediately expense cost of an asset, rather than recover cost over time through MACRS depreciation. 

IF I remember right, they are not as flexible as LLCs who elect the 'pass through' (meaning not S or C Corp) in regard to distributing earning that do not match the percent of ownership.