Dean Letfus
Withholding tax on foreign owned LLC doing flips
Hi everybody. I wondered if anybody on here has had a similar issue to one we are trying to solve?We flip homes in the USA and have a single member LLC, 100% foreign owned for this activity. UP until this year the dol...
Jithesh Prabhakar
Non-Recourse loan from Uncle living overseas
I have a situation (explained below) and need some advice.
Background :
* My LLC and Solo 401(k) signed a Land Installment Contract on Dec 6th 2013. The percentage of ownership was 60-40 respectively.
...
Vivian C
foreigner investing in U.S, what are the tax issues?
Hello everyone,
I'm thinking of investing in the U.S for the next 10 years. It will span from SFR to Multi-family to even commercial in the future; and will mainly be buy-hold-rent. I don't have legal reside...
Chris Thompson
1st Flip what method do you guys recommend on the withholding tax
Sales Price $350,000Profit after everything is $40,000California Form 593 is gives me the option to withhold 3 1/3% of Total Sales PriceOr12.3% of Gain on Sale
Kathryn S.
Is tenant obligated to communicate?
We have a young and stubborn tenant who steadfastly refuses to give a firm answer as to if the bedroom ceiling is still leaking. We replaced a lower roof and checked potential plumbing issues. All we would like to do...
Chintan Ce
Am I impacted
Hello BP members,I am trying to buy a property from a seller who is not local and is based in China. They have sent me a "Sellers Affadavit of Non Foreign Status" form that says they are exempt from FIRPTA for federal...
Greg Hammond
Should I sell my home or keep it as a rental?
Background: Bought 3 bed 2 bath 1900 sq ft primary residence home outside of Sacramento in 2019 for $540K. I used the VA mortgage loan with 0% down (no PMI) and currently have a 30 year mortgage rate at 2.25%. I wil...
Aaron W.
Texas right to with hold rent by tenant
I currently do not have an issue but have been doing a lot of reading it is kinda difficult to interpret laws and such when reading them. I am curious if I am understanding the only way a tenant in Texas has a right ...
Sarah D.
Withhold from deposit for insufficient notice to vacate?
Can't decide if this is a good business decision or a petty decision.Tenants provided 17 day notice to vacateTenants were advised that they are in violation of the lease by not providing 30 days notice. Tenants come ...
Grace B.
How to do tax withhold for Foreign contractors
If we hire a Non US VA, I am supposed to withhold 30% of the pay for tax reporting. The contractor wants to use his uncle's construction company LLC located in US to be the contractor and he becomes the subcontractor ...