Electing S Corporation Status for a Limited Liability Companyhttps://www.thetaxadviser.com/issues/2013/dec/casestudy-dec2013.html“S” Corporation Status, For an LLC?

Brooke EtieVice President, Voucher Programs

Senate Passes Sweeping Republican Tax Overhaul Bill,https://www.msn.com/en-us/news/politics/senate-pas...Now that the Senate has passed their version of the Tax Overhaul Bill, the next logical bill will be the reconciliation between both the Congress and Senate version before the President Signs.The President has the ability to Veto certain sections of the Bill.Can the Learned CPA/Tax Attorneys here in BP weigh in on What?

I received a response from someone new whose title at the bottom of email says the president of urban construction mgt.

Also, did you just elect to avoid the fact that the owner of Oceanpointe THREATENED TO KILL ME?!?

Basically she elect in taxes to be a sole proprietor and use the promote portion for tax advantaged retirement income purposes.

If you elect yourself as an S-Corp, you can get around paying at least some of the self employment tax. 

Yeah the Fed is going to raise rates a few basis points (good idea, really), but elections  are near and an excessive increase would tank the market, so they know and will not allow that to happen.If you find good deals, just make sure there's cash awaiting you at the end and go for it.

They have some old grandfathered laws, and the hotel industry owns the elected officials and does not want to share with the STR community of private owners.

Got the letter personally from the board president that there was a board meeting on such and such date, and approval granted for the unit was granted to me.