Hi everyone,I am currently living in Canada and I'm in a position where I am getting eaten completely from taxes on my salary income. I'm maxing my RRSP, TFSA & FHSA but taxes are still eating way too much...As su...
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
What is the main difference between having your LLC taxed as a Corporation or an S Corp ?
Hello BP Folks,
I am new to the forum and need some advice at this juncture. I am computer engineer by profession and started the real estate investment around 2 years back and purchased 8 rental properties m...
I plan to pay 150k cash for sfh. My plan was to close with existing sub s corp on title. After rented finance out. Will this affect me when trying to finance 80 percent of appraisal out in a couple of months? It shoul...
Where are my blind spots in this tax organization for a real estate developer. A single member LLC (Company X) runs rentals, RE development, and is General Contractor on the development of the properties. The rental...
I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...
The first property I bought, I bought it titled to my Revocable Trust. As I grow my portfolio, am I better setting up an LLC or a C-corp? I'm interested in your experience with either type of entity.
Hi, I'm a real estate broker/investor in Tucson, AZ and I have been flipping houses for several years now. I am just about to be a licensed broker up in Colorado and I will be doing flips up there also. As of right...
If you have your properties in a LLC and have separate business accounts are you only taxed on money you take out (salary) from the LLC? If there is extra cash that I could be pulling out as salary but don't and it st...