(This is a long sentence.)We’re going to be gifted with a healthcare plan we are forced to purchase, and fined if we don’t,which puportedly covers at least 10 million more people, without adding a single new doctor,but provides for 16,000 new IRS agents, written by a committee whose chairman says he doesn’t understand it,passed by a congress that didn’t read it but exempted themselves from it, and signed by a president who smokes,with funding administered by a treasury chief who didn’t pay his taxes, for which we will be taxed for four years before any benefits take effect, by a government which has already bankrupted social security and medicare,all to be overseen by a surgeon general who is obese and financed by a country that’s broke.

We are both 6 years away from early Social Security - and my kids are out of college and doing well.

Does someone have an idea of tax implications of converting?

For thosse that didn't click, the video is about how quickly social media is changing the world.

Upon receipt, all shareholders must sign the completed form and submit it to the IRS for approval($99.00) - Registered Agent Service Fee (1 year)Optional fees:($49.00) - Compliance Service (1 Year) which will make sure annual reports are submitted on time and that my business is kept in good standing ($35.00) - Nevada Certificate of Good Standing for a S-Corporation ($69.00) - Obtain Federal EIN Number - We apply for EIN using client's social security information($35.00) - Prepare IRS Form SS-4 (Federal EIN Number)Total is about $500.Also, I was going to incorporate in NV but do business in CA... is there something else I need to do in order to do business in CA?

I'm thinking this way you can socialize the concept of using your preferred lender early on.

SE is essentially social security / medicare.A flipping business is treated differently than someone renting out real estate.

This is somewhat of simply a math problem and then the answer will be the returns and tax implications are better with a mortgage but you have to ask yourself which allows you to sleep at night.

The implication is that all hard money lenders are disreputable, which of course isn't true.

I hope there is a fair deal reached for our budget, social programs need to be managed much better and trimmed.