Grace Barr
Foreign contractor tax withholding
For foreign contractors do you withhold tax of their pay? I may be too cautious about this. But the IRA ruling stated that for non-US workers, Payer (employer) will need to withhold 30% of their pay, wow. I remember ...
Nat C.
The IRS is closed. What to do?
I’m hoping someone can give me guidance.I registered an LLC and applied for an EIN.I hired someone to work for me full time, remodelling my properties.This person is hired as a W2 employee. He doesn’t have his own bus...
Lowell Ebalo
why is my w2 earnings high
ive got my w2 and realized ive earned $169,000.00 from a $22/hour working 96 hours every 2 weeks. when back in 2019 ive earned $41,900.00 on a $19/hour. ive sold some stocks but i didnt get no where close to $100,000....
Abbey Landis
World Pay compromises millions
This just out:
12/24/08
RBS WorldPay Data Breach Hits 1.5 Million
Twenty years of payment processing history as well as social security numbers are compromised.
December 24, 2008
By Richard Adhikari: More storie...
Brigitte Garrett
PPP loan success for Schedule E reported rentals???
Has anyone had any luck supporting PPP forgivable fund applications for their 4unit and under Rental Properties reported on their Schedule E? If yes, what information did you use to support getting this loan? As fa...
John Lee
Owning a property with a S-corp.
Hello BP members,A couple of my family members own a commercial property with a S-Corp.I noticed on their tax returns that they do not pay any salaries nor distributions to shareholders.They told me that their family ...
Anthony Chin
Team?
It's been a while since I've posted, but I just had a quick question for wholesalers.Do you use a consistent team -- people you keep on payroll, or maybe people who you can contact for help for a fee, or maybe a combi...
Sean O'Dowd
What should the first 5 employees you hire be?
This has been a question I've been debating myself recently, and I was wondering what BP's thoughts were:The situation: Your LLC owns and manages approximately 100 units within the same area. You have enough funds to ...
Leland S.
Solo 401k funding, payroll tax tradeoff of single member LLC
Looking for some second opinions on anyone who is "self employed" and has a Solo 401k. Probably folks here know about check book 401k's and such to invest in real estate. I am now in a contract position as 1099 and ha...
Jordan Meyer
Have any investors had success with the PPP (Payroll Protection?)
If so, what type of business do you run and what bank did you do it through? I've spent hours reading about this, and thought it might be easier if someone just shared their success stories on getting approved.