Cars are subject to more restrictive tax depreciation rules than those that apply to other depreciable assets.

Then, this distribution comes along that is taxed like a dividend in so much there isn't FICA applied, but still like ordinary income tax rates.So, take the total income of the S Corp less any expenses/deductions (which would include your salary(ies)) and that is what is remaining to pass through to you. 

What matters his how you pay for it.Now apply this to your commercial property with all those potential costs you mentioned that will be needed within the next 5 years of so, and see what the numbers are for you. 

I have a good amount of equity on my primary home and currently applying for a HELOC.

Philadelphia currently requires you to apply for rental assist prior to filing for eviction.

At the same time, I'm about to apply for a HELOC to leverage the 150K equity on my home to secure some funding for my *first investment property*. 

Since he owns property, we would like to use them as collateral when applying for mortgages as the llc entity.

So, I'm considering just applying for a commercial loan now instead of residential.   

I'm pretty sure an LLC has to be applied for through the state you live in, is there a process if you move?

Hi everyone! I have an appointment with my bank (Chase) to look at my options for a mortgage to get pre-approved. Before my appointment I wanted some advice on what I should look out for. What not to say, and just bas...