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19 May 2018 | 5 replies
I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction.
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31 August 2018 | 28 replies
Had one lady complain it was too hot in Hawaii, had one complain it rained too much so they couldn’t enjoy all the activities they wanted to, and one just said how great it was.
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27 May 2018 | 10 replies
First, I would really like to step back away from having a lot of time consumed maintaining my home and divert it to learning and be actively investing in real estate.
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24 May 2018 | 6 replies
There is inexpensive weekend course that taught by Lloyd segal.
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23 May 2018 | 5 replies
I've listened to BP for a few months and figure it's time to be actively involved in my success.
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24 June 2022 | 69 replies
Just because I am not really active on this forum does not make me less real.
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2 June 2018 | 6 replies
Thanks again, and I plan to be more active on the forms.
24 May 2018 | 19 replies
@Daniel Moctezuma Sounds like you were wholesaling, which in many states is considered to be practicing real estate without a license - an illegal activity.
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25 July 2019 | 1 reply
I am looking actively myself right now.
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24 May 2018 | 5 replies
They have a Google Group that is VERY active and you will learn a ton just by talking to the other NARPM members.