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6 February 2025 | 2 replies
I just got my first flip in the middle of January and am still rehabbing Do I need to file a quarterly tax if I haven't sold yet?
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31 January 2025 | 7 replies
I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?
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16 February 2025 | 5 replies
If your business entity is taxed as a C corp, the entity is taxed at that level (double taxation as you call it).
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17 February 2025 | 6 replies
Let’s start with CompliancePrompt:[1] You are an expert in the federal and state taxation of landlords owning rental property [you need to tell the AI what is expected].[2] I am a CPA, with expertise in taxation of real estate [unless you want a watered-down response, tell the AI that you want a granular response][3] Use IRAC format [This is used by attorneys.
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15 February 2025 | 4 replies
I recommend that you work with an accountant that has experience with real estate taxation and partnership tax returns.
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17 February 2025 | 12 replies
A Solo 401(k) is exempted from UDFI taxation generated when a plan makes leveraged real estate investments.
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9 February 2025 | 3 replies
@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
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28 January 2025 | 0 replies
As a CPA who lives and breathes real estate taxation, I've noticed something interesting that I want to share with the BiggerPockets community.
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8 February 2025 | 8 replies
@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2375204/small_1736471869-avatar-donyeaj1.jpg?twic=v1/output=image&v=2)
14 February 2025 | 9 replies
Additionally, wages sent directly to a church are not considered charitable contributions—to qualify for a deduction, the employee must receive the income first, pay taxes on it, and then donate to a qualified 501(c)(3) organization while itemizing deductions.The IRS closely scrutinizes arrangements that appear to shift tax liability, and if deemed an attempt to avoid taxation, both the employer and worker could face serious legal consequences.