Ori Skloot
How Much Do You Pay your CPA for Tax Preparation?
Hi Folks,How much did YOU pay your CPA for tax preparation and filing 2016 taxes?I just got my bill from my CPA for preparing my 2016 taxes - $4,200. Feels steep to me. I am filing in California and I bought one n...
Claude Hodge
Start-up capital deduction?
Hey everyone! Been a while since I was on. I want to know what to expect come tax time. I started my L.L.C., and have a business checking account for it. For the entire year of 2009, I have been and will continue ...
Mark C.
Real Estate LLC import to TurboTax
I have been doing my taxes for my rentals thru an LLC for almost 10 years using Quickbooks 2008. I usually just send the necessary forms to the accountant to do my taxes. I have had some issues of late with the Accou...
Sean H.
Help me understand S-Corps better
As it relates to being the sole owner of the "corporation."So, for my question lets say i hypothetically made 100k for the year. I read that is best keep wages and distributions equal to avoid a red flag from the irs....
Nick Bokowy
Seeking tax professional. Indiana/Illinois
I have a four unit and need help filing taxes. Does anyone have a recommendation for a tax professional or a resource of where I can go and search for one? Thanks!
Alejandro Arreola
How to protect your rental profits ?
Hey people anyone knows or anyone can recommend someone that can help me protect my rental profits form the IRS? I’ve been getting taxed to much money on my rental profits. Within these couple of years I have file a l...
Cristobal G.
BOUGHT MY FIRST RENTAL!!!!!! Now Bookkeeping???!!!???
So I bought my first rental in Kalamazoo, MI. It's a SFR which I will be living in one room and subleasing the rest of the rooms. Tenants/roommates will be paying my mortgage and I will still have an extra $200 left o...
DongHui Patel
Best Vehicle to invest in a syndicate syndication K-1
I am evaluating the best methods to invest in syndications, wondering if there are any tips / pointers.A single member LLC, a Solo 401k (tax advantages) or any other type of investment entity and pros/cons?
Eric Kang
How do you open a bank account here in US for foreigners?
Hello,Do you know of any banks that will open bank accounts for foreigners that live outside of US? It seems like the banks require the person to physically come in to sign forms/docs. Even with a power of attorney, ...
Chris Byers
Cash Out Refinance with Distributions
Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...