Good afternoon everyone!

My wife and I are moving to Virginia in three months and will start flipping houses when we get there.

We’re getting an LLC and S-Corp set up now so we can hit the ground running when we ge...

so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...

I have already submitted the paperwork to the state to be an LLC now I am trying to create my EIN #.  Should I just click continue and be a mult-member LLC?  There will be 3 people in the company so im not sure what t...

Title says it all. I got a bobcat with a deal. Can I depreciate it against the LLC holding the property or against the property itself?

If someone purchases an LLC (that owns the real estate) as opposed to purchasing the real estate, is there a tax implication regarding my ability to depreciate the LLC's Assets.  For example, if the prior owner has de...

So, I am going to be starting an entity to initial handle Network Consulting Fees, etc and build out to property holding in a couple years. In the meantime, I need to keep the funds out of my personal bank account, et...

Hey Forum! My partner @Paul Dante Pronio and I are forming our first joint LLC and have a quick question about EIN filing. We got to the page that says:
Due to the number of members in your LLC, you are considered a ...

Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...

I have been hearing a lot of people talking about concern and worry over the presidential election in Nov. I was curious how you all are feeling about it? Are you guys pumping the breaks or slowing down for now? Or is...

Change, change, change, everything will be different in the Obama administration….or will it?

Here are the appointments so far:

Transition Chief: John Podesta
Chief of Staff: Rahm Emanuel
Biden’s Chief of S...