Alex Freelove
Tax/Entity question with W2 job
Scenario: A W2 employee (family business) makes bonuses upward of $50,000+. When that bonus comes through, it gets taxed heavily ($23,000+). Is there a way the employer and employee could form an LLC together and have...
Steve Burke
Living trust, will, power of attorney?
I have two rental properties, one in Minnesota and one Alabama. I am currently living in Arkansas and about to close on a house which will be my primary residence. I want to make arrangements so my sister can take ca...
Luis Perlish
Is Louisville, KY a good area to invest in Multifamily?
I own apts in Miami and Multifamily Buildings in Omaha. I want to buy more but Omaha slowly for surely is running out of inventory and has been harder. I was thinking Louisville but I have not even been there. I am al...
Erik Pilon
Are accountants necessary?
Do people usually include accountants as part of their team?I’ve owned certain companies outside Canada and would do all finance/cashflow myself, but real estate is a new field to me as well as doing finance in a coun...
Bruce W.
maximize 401k contributions?
I have been contributing the maximum to my 401k account, including the catch-up contribution for those over age 50. My contribution far exceeds that needed to get the maximum company match.
I wondered if this...
Luna B.
Postponing rent collection to lower taxes
I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...
Colby Shelhorse
Question about Taxes in Virginia?
I have a question about taxes in Virginia. If I flip a property in Virginia in less than a year I know that I will have to pay capital gains tax on the federal and income tax for the state. My question is will I have ...
Jeff Macdonald
Am I on the hook for these property taxes?
Here is the situation on a house I purchased recently at Trustee Sale (courthouse steps)-Previous owner died 2/16. He was a disabled veteran, therefore he had an exception on his property taxes, resulting in almost 0 ...
Account Closed
Canadian investing in US forecloures
Not sure if this is the right forum category for this question...I am in US (North Carolina) and trying to help a friend who is a Canadian citizen to invest in foreclosures in North Carolina. Most likely his plan is t...
Glenn Willeford
Sales Tax
I recently received an invoice from a contractor on some repairs completed. The invoice included an additional amount for sales tax that was not included in the bid. In my previous dealings with this contractor, the b...