I am a courier that drives A LOT. my gross annual income is around $75,000 but due to mileage my net income on my taxes is around 15,000-20,000 with my actual income after all expenses realistically being around $40,...
I am new to BP and love the information sharing. I am a self-employed lawyer with plans to relocate to Florida in the next 4-6 months, where I will open a new solo law firm. I have 4 years experience in my current sol...
Hi BP, I'm Tate. I'm currently a junior in college and am looking for a different part time job that I can hopefully carry out through college and into the beginning of my career. I would want it to help me gain exper...
Hello Everyone. I have been doing/filing all 3 of my family members' taxes on my own the past few years, these are 1040s/self-employed+Contractor's taxes as well as my LLC's Business' taxes (1065+ Schedules K1, etc). ...
I had mentioned in a prior thread that my self employed friend is trying to get a mortgage, has had her own business for 3.5 years now, and the last thing holding up this loan is that the bank is giving her a rough ti...
I have a two member LLC that owns a small apartment building. We file Forms1065 and 8825. Don't file Sch. E, it isn't necessary when you file 8825.
The income from rent shows up on Line 17, Form 1040.
Since the i...
Hello, I am a newbie landlord and is wondering how to verify income for self-employed people? Tax return? Please advise!
Nasar El-Arabi is a self-proclaimed “failure” when it comes to being employed. He wasn’t cut out for the banking industry, the call center, or the classroom. Some people aren’t meant to be employed, and Nasar was one ...
I really need to find a professional to help strategize the best ways to reduce taxes in addition to preparing taxes. I have several rental properties and I am self-employed as a real estate agent. For example, I didn...
I am looking to invest in my first property, and I was looking to buy a multifamily to house hack. I am having trouble with getting an FHA loan because I do not have a 2-year work history. I just started working at my...