David Gwilt
Single Owner S-Corp - Employment Tax Questions
My wife just recently formed a corporation in CA and elected S-Corp status with the IRS (via form 2553). I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to fin...
Billy Bob
Housing for remodeling .... employer-housing & termination
I have a guy that has done some part-time remodeling work for me over the past few years. I purchased a foreclosure and he needed a place to live. I decided he could "work for rent" and stay at the property while he w...
Kit Dumph
Looking for an employing broker in Colorado
Hey guys, my wife is about to finish up her school work and take the test next week. Any employing brokers here in Colorado she could hang her license under?
Darby Beenken
Self employed, steps to get a loan?
Hi BP! I have a few questions about mortgage financing so I can start working in the right direction to get a loan.I'm self employed with an LLC business. In order to get financing for my first house they require 2 y...
Wessley Grassi
Health insurance for realtors or self employed?
Looking for health insurance for me and family that will cover pregnancy and surgery related to birth c sections.
Mitch Foster
W2 to Self Employment: Creative Financing Options
Hey Bigger Pockets, back in April I switched from a W2 job I had for 5 years to self employment. I've talked to about 30 lenders and get the typical response of "you need 2 years of verifiable self employment income"....
Kyle Mitchell
Self Employment Tax on Asset Management Fee?
I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...
N/A N/A
IRS "Dealer" and Self-Employment Tax
I've been warned that doing too many buy/sell transactions may cause the IRS to designate me as a "real estate dealer," and force me to pay self-employment tax of 15.3% of the first $72,600 of income. I'm wondering:
...
Justin Owens
Need a lender for self employed buyer!
Hi I am trying to sell my house off market to a neighbor of mine. He is a contractor/ remodeler who wants to turn my house into his first rental. He has been been denied approval from the lender he is currently wor...
Kyle Mitchell
Self Employment Tax on Asset Management Fee?
I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...