Originally posted by Luiz Souza:Anyone with experience with this Co. for leads?

Is it good to transfer the properties to a Corp with s-election and have the Corp to pay the value back to me either by getting mortgage or every year from the income.

You can elect to be taxed as a C or S corp, though.3) A 1031 applies to investments.

If not consider the S election and pay yourself 10-12 per hour for work you actually do or just give yourself 1200 per month or some flat amount as that.

What was the FMV(on date of S election) minus the Adjusted basis on the same date.

Accordingly taxpayer has a zero federal income tax liability for 2009.oTaxpayer elects to “carry back†his $100,000 NOL to tax year 2004 where he had originally reported taxable income of $100,000.

Go to an elected, not hired person.

From previous utility records of prior seller, we're looking at $150/mo for water, $200/mo for Electicity , $200/mo for heating and $50/mo for trash expenses.This brings me to $1460/month cost, with a potential income of $1940/month.I've had several repair costs after buying the property due to the fact that the heating system was off for abouct a month (Gas company wouldn't let me put utilities in my name).

You will not file a §754 election to adjust your basis under §743(b).

While tax rates may go up or down, it seems to me the effective tax rate will be what will counts going forward.If Romney gets elected we could hope for some favorable treatment for owning a small business which could be a catalyst for many of us to get something going.What seems to make some sense is to pay tax and convert some assets that will have the highest taxable yield and shelter those in a ROTH.