
18 February 2025 | 11 replies
The IRS uses the assignment of income doctrine, meaning the person who provides the services is responsible for reporting and paying taxes on that income, even if they instruct the employer to pay a third party (such as a church).If the worker provides a W-9 with the church’s EIN or SSN instead of their own, the IRS could consider this an attempt to shift tax liability.

5 March 2025 | 21 replies
Does anybody have any tips on how to successfully appeal property taxes?

7 March 2025 | 8 replies
I would hate to pay an accountant $2,000 for an LLC that had no activity.

10 March 2025 | 6 replies
Quote from @Donna Johnson: I have an accepted offer in Ohio, and just now considering tax implications (although I have always expected to pay them).

10 March 2025 | 9 replies
All that said, you shouldn't be seeing anything close to a 2x in expected property taxes unless you completely fumbled the ball on pulling the current SEV before purchase.A lot of people do their numbers based on what the current owner is paying or what Zillow shows.

10 March 2025 | 0 replies
I have some experience (so far unsuccessful) in Arizona tax lien sales and zero experience in Alabama tax lien sales.

6 March 2025 | 30 replies
Alabama Tax Sale Investing is a GREAT investment strategy.
28 February 2025 | 4 replies
Currently all $200K is subject to self employment taxes ($30K tax bill).If taxed as an S-Corp, I could pay myself $50K as a salary, and only the $50K would be subject to self employment taxes ($7.5k tax bill).

10 March 2025 | 3 replies
Because flips are considered inventory (not capital assets), profits will be taxed as ordinary income rather than qualifying for long-term capital gains treatment.For tax filing:Report expenses like construction costs, permits, and interest as part of your cost of goods sold (COGS)—these won’t be deductible until the property is sold.Since no revenue is expected in 2024, your S-corp may show a loss, but that loss won’t reduce personal taxable income until the sale occurs.Each partner will receive a Schedule K-1 every year, including 2024 and beyond, as long as the S-corp remains active.Unlike an LLC, S-corp shareholders do not pay self-employment tax on their share of profits.

6 March 2025 | 8 replies
I see these "guru's" saying they don't pay any taxes or little to none.