Mike Neubauer
Employees in an S-Corp
We have an S-corp set up for flipping houses. I need to start paying myself an income, but I prefer not to pay a monthly fee to a payroll company for one person. I know how to calculate the taxes, etc.
Can someone ru...
Shane Humes
Strategy for transferring personal money to LLC
To get started in real estate investing, I am creating an LLC. In order to start, I will need to give my "LLC" self some money from my "personal" self for down payments, rehab costs, etc. I would like to eventually ...
Noureen A S.
S-Corp Profit Distributions: How Are Owners Taxed?
Dilemma...I have an S-corp. For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distri...
Leland S.
Solo 401k funding, payroll tax tradeoff of single member LLC
Looking for some second opinions on anyone who is "self employed" and has a Solo 401k. Probably folks here know about check book 401k's and such to invest in real estate. I am now in a contract position as 1099 and ha...
Matt D.
Looking for help to setup business, tax strategies, payroll, etc.
Need professional guidance on setting up company, LLC, Corp, not sure yet. In the state of WV, and maybe TN. Have real estate invesment flip gains and looking to start putting gains in Multi-Family complexes. If ea...
Jay Elvin
Paying your kids for tax purposes
For those of you who pay your kids out of your business, do you use an HR/payroll company? I've looked into Gusto. My accountant recommended putting it through payroll. Gusto is about $45/month.
My plan is to st...
Vishal P.
1099 v Payroll? Self Managing Properties
I own various rental properties under a LLC partnership and I self manage those units, what is the best method of writing myself a check every month for property management? Do I issue a 1099 to myself or am I forced ...
Michael Lerch
Need advice on taxes for S-Corp (good beginner lesson)
So I formed an LLC and opted to be taxed as an S-corp in 2012 thinking I'd save money on payroll taxes when I make a ton of money, well... like most new investors I only made a little... $1,650 I paid myself out of a ...
John Ferrara
Need advice on proper way to disburse from LLC
I am new to this forum and wanted some advice on my situation. I currently own 3 rental properties with two partners. Two properties are in their own LLCs and the 3rd property is an S-corporation. My current account...
David Wurzel
Looming Eviction Crisis
Let's hear from all the smart, intelligent property owners who automatically dismiss those with evictions on how they will be handling the 30 million people getting ready to be, if not already, evicted because they lo...