Dustin Stubbs
Tax reductions when buying real estate via S-corp.
Is there a legal way to use S-Corp pre-taxed income to acquire more real-estate? I have an S-Corp (construction company) that is providing a main source of steady income. A couple years back I was able to acquire a co...
Levon S.
I need a CPA in short order! My current CPA is very ill..
Hey guys and gals,
I'm currently under contract for my first home purchase! The lender is requiring 2020 taxes to be filed, so I was able to negotiate an extension with the seller on closing, to complete this.
My is...
Guka Kagu
How does W-2 and business works?
I have a full time job. I am planning on opening an LLC for my brand new business and I'm going to hire somebody to run that business. I know when you are self employed you can show business expenses, would i be able ...
Account Closed
Add Someone to Title without Obtaining a New Loan
Not sure if this is possible: I am looking for ideas on how to legally add someone (or an LLC) to the title of a property without necessarily having to obtain a new loan.
The background: My partner currently owns a ...
Tiamo Wright
What other financial professionals do you have in your corner?
A few years ago I hired a great CPA to help me with both my personal tax filing and to guide me for my rental taxes. But as I think about growing my real estate portfolio I am wondering if there are additional financi...
Blaine Dawson
Real Estate LLC Options
Hi BP Community,I am new to BP and real estate investing in general. So far the information I have found through this network has been incredible! As I am starting to build my portfolio I thought it would be best to f...
Bill Hinshaw
Charitable giving and taxes
I have a flipping business structured as an LLC. We just sold our first flip and made a profit. With respect to taxes and charitable giving, should I give from the LLC or take a distribution from the LLC and give out ...
Cindy Joseph
First Duplex- s/c corp vs Llc? Any other advice?
I am about to purchase my first home/investment property. It’s a duplex and I will live in one side and rent out the other. I’m using a bank loan (10/6 arm).
I’m wondering if I should use a s or c corp or an Llc for...
Joshuam R.
Florida LLC 2 member taxed as S-corp
Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp...
Jeremy Fields
Filing second year return for partnership - first year missed
My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...