The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.

However, in my situation my ...

I hope my subject line doesn't deter responses, but I felt it was the most appropriate. I was laid off from my job a few weeks ago and have been trying to come up with ideas about how to use this time off between jobs...

Hello Everyone,I read that if you've lived in your home for the past 2/5 years and you are in the 0% income tax bracket, then all capital gains are tax free.For example, if I retired in 2015 and receive no taxable inc...

I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k.  it appears tax efficient if I tax this income as S-  corporation. i do have EIN for my LLC and all income and expenses wer...

I was recently contacted about a property this gentleman hasn't paid his taxes on, went to tax sale a few years ago. Contacted the county to see how much is owed because he had no idea. They send me the redemption aff...

Hello Bigger Pockets!  I am seeking some advice on withdrawing from my Roth TSP. I finished my active duty last August and have not done anything with my TSP since then. It has continued to grow, but I am interested i...

My wife is a newer Realtor.  She earned a commission on the purchase of OUR house that closed on December 30, 2016.  However because it was our house she forgot to pick the check up at closing...it was a busy day.  So...

WOOHOO It's been a decade since I've seen a refund from the IRS. I'm finally seeing the tax benefits of owning rental property. So welcome TaxMan, it's good not to hate you any longer.

Thanks to everyone at BiggerPockets, I got my first deal under contract! I've had my Roth IRA for 5 years, but recently rolled it over from Merrill Edge to Betterment. Does anyone know if I can still use this as part ...

Just out of curiousity because pretty much wholesalers only get checks. Is tax ever deducted or is it deducted from the closing.