Patrick J.
S-Corp Filing Extension
If you elect an extension for S-corp, would you just estimate your K-1 for your tax return and then be forced to file an amendment after you complete the 1120s?
James Syed
Late Fee & NSF Fee Collection
Hello BP Members,One of my properties is in Saint Clair County Illinois. As per state law, landlords are unable to include late fee, nsf fee or any other fee, but the rent only on a 5 day notice, otherwise Judge will ...
Codi Clausen
Tax Return Required for Kansas City?
I live in California and am going to be purchasing a rental property in Kansas City, MO. Do I need to file a tax return in MO as well? When I go to write off mortgage interest and depreciate my property, can I do that...
Kaushik Dhar
Buying Rentals in Ohio from Texas using Series LLC
Would like to hear your experience with Ohio rentals being in Texas. I am primarily trying to figure out the TAX and ENTITY implications:1. Can you use a Texas Series LLC name instead of your own name when buying in ...
Sunil Sharma
Need advice for forming a LLC in Nevada or Wyoming
Hello All,I am in the process of creating a LLC and wanted to know where should I establish the LLC; in Nevada or Wyoming. What are some of the pros and cons? Our Scenario: We are planning to do business in IL and TX ...
Michinori Kaneko
Foreign limited partners/syndications
Hi,has anyone done a syndication deals with foreign partners? I'm thinking about doing a syndicated deal with families and friends I have in Japan down the line, but the whole over the sea issue may add additional la...
Anthony Cross
Federal Tax Liens in Foreclosure
In a mortgage foreclosure, if the owner being foreclosed on has federal tax liens filed against him, will the property remain subject to all or a portion of the federal tax liens once a foreclosure sale is completed?
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Noureen A S.
Do section 8 programs offer some kind of remediation when tenant faces eviction?
(NC, Raleigh) Tenant is late with rent again. This time, it's 20 days. I've been told that I need to reach out to the tenant's case worker before filing for eviction because, sometimes, programs offer some kind of "re...
James Russell
which state to register LLC
so, recently i was told that even though im in wisconsin, the best state to register my LLC in is nevada. Speciffically because the corporate veil is much much harder to pierce. to the affect of the only way to pie...
Casey Lance
Filing taxes with an LLC?
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...