Marek J.
After tax return question
High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.
So I calculated that with real...
Michael Merritt
How much wholesaling revenue for LLC s-corp taxation to work?
How much income does a wholesale business need to generate for an LLC with S-corp taxation to make sense? For example, let's assume my day job satisfies my social security tax and the wholesaling business does the fol...
Rich Schroeder
Death Panels
http://www.newsmax.com/Headline/krugman-death-panels-vat/2010/11/14/id/377008
All of the crying that was done, all of the hate speach towards Sarah Palin, Glenn Beck, Rush, etc...turns out they were right. Makes you ...
Michael G.
Recourse options for Commercial Lessee for nonpayment
Hello BP!I'm trying to get out first commercial venture, a 3 unit office building purchased 9/2018, up and running smoothly but suddenly having problems with one of our tenants paying rent.Building was built in 2004 b...
Michael J.
Buy, Fix, Sell, Rehab Tax Burden Question, Rates?
Hello,
Just wanted to ask this to make sure I understand the tax ramifications correctly before venturing into a buy, fix, sell property.
If I owned the property and sold it in under a year, lets say...
Debbie B.
Ordering a Pizza in 2012
This is funny, but it's probably not too far away from being reality.
http://aclu.org/pizza/images/screen.swf
Tariq B.
How Medicare Helped Me On A Deal
Just received word that the offer has been signed and I am under contract. This marks the 4th property in just over 2 years.So I have been going back and forth on getting my license simply because using an agent seeme...
Account Closed
Can a business owner deduct medicare payments
For several years now the self-employed have been able to deduct their medical insurance premiums on their federal income tax return assuming the business was profitable. The IRS position has been that Medicare premi...
Chris Allen
Owner Financing / Creative Financing
Short version of my question...
-"Do the payments from owner financing coming in count towards income? Or can they be written off as a loss/break even"?
Long version....
-I met someone who "wishes they could get ...
Michael Watts
alabama tax certificate with an alabama medicare lien
At the tax sale I purchased a tax lien certificate in Alabama with an Alabama Medicare lien on it. Do I have to pay the Medicare lien off if I'm only planning on just renting the property out and not planning to ever ...