I have always done my own, even since I've been self employed... but I am thinking that if I create an LLC and start doing deals it will probably be a good idea to get a CPA.What do you think?

Originally posted by Chris Wosnitzer:Have you tried a Self Directed IRA...much easier and your IRA pays no taxes until you withdraw the money for personal use...unless its a Roth IRA than it may be tax free depending on your circumstances.Well, I have the money in the 401K already and still employed and they match up to a percentage, so don't want to give it up.

I am however employed by the City of Phila and have worked in the sheriff sale unit, tax lien, water revenue and revenue departments and have some knowledge when it comes to taxes etc.I am interested in financial freedom by way of wholesaling.

These include old employer 401k's and 403b's, lump sum payouts from pension plans, and of course IRA's.Note -- I just set up an account with http://www.mysolo401k.net, and can't say enough good things about Mark Nolan and the folks there.

Employment statistics12.

Furthermore instead of only showing the properties between business hours, now tenants who are employed can only view after hours, or on weekends at their convenience.

My understanding is if we pay him for what he is doing it will be an expense for us and he is an employed person so he files and he can deduct and invest in an IRA equal to his paid wages.

you need to first obtain a FEIN from the IRS, which is a business tax ID. even if you are sole proprietor and have pass through taxes, you can get an ID and it will have no effect on your personal taxes, except to make sure the income is reported to IRS.sign up for one here:http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Apply-for-an-Employer-Identification-Number-%28EIN%29-OnlineI supplied my FEIN and the confirmation page download they provided when I received mine using the upload document feature.

I rolled my SIMPLE plan into a Traditional IRA at a previous employer, while I was still working there to gain more flexibility.

It does not include enlargement or new construction.Generally, the percentage of costs you can take as a credit is:10% for buildings placed in service before 193620% for certified historic structures" http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Rehabilitation-Tax-Credit-Real-Estate-Tax-Tips