Account Closed
Using personal savings to start business
Hello,My husband an I started in real estate flipping houses this year, we already had a corporation from a previous business so we are currently a corporation. We used our personal savings to buy our first property a...
Josh Corby
Single-Member LLC Draws
Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.
Kyle Doney
401k Contributions From Personal or Biz Acct?
Hi,I cannot find any literature from the IRS on whether contributions to a Solo 401k from an LLC taxed as an S Corp have to come from the businesses account or if they can come from a personal checking account. My acc...
Steve Legnaioli
Options for corporation profits ?
If I start a corporation to collect rental income and there is 10,000 left after all expenses (profits) at year end , how is that taxed?On my personal taxes?Is it taxed separately before I take it?Is it part of my MAG...
Amanda Herr
Build buiness line of credits and authorized users
Hey Everyone,
This week I came across two websites on building business credit line and using an authorized user. Not trying to promote any of their products but I need your opinions or have any of you heard this b...
Justin Silverio
LLC w/ S Corp Election vs. C Corp w/ S Corp Election
There have been a couple of posts about this in the past but no definitive answers came out of them. My question is why would someone set up an LLC and elect to be taxed as an S Corp instead of just taking the S Corp...
Steve Cody
LLC/SCORP/CCORP or what?
Hi Folks, I really need some advice.I have three SFH rental properties now. They generate about 1200 bucks in Cashflow (after mortgages, fallow, etc) total. I am ready to pick up a few more, and really want to start l...
J Scott
Corporate Campaign Spending
So, no thoughts on the recent Supreme Court ruling (passed mostly by the Conservative judges) that allows increased spending by corporations, unions and special interest groups for political campaigns.
What do you gu...
Gayle Thompson
Payee in cell tower lease different than deceased lessor, Who owns lease now?
I am the beneficiary of my brother's revocable living trust (Oregon). He died 18 months ago. Until a month ago, his land was titled to the trustee of his Revocable Living Trust, but that land is now titled to me. M...
Sean Jafari
capital contribution to my S corp
I listened to my real estate agent and opened up an S corp few years ago, since then I have purchase a few rental properties and was able finance a 2 of them and purchased the rest in cash. is financing/buying a new ...