I own a rental property through a single member LLC (say LLC-A) and I am in process of purchasing another property under the same LLC-A. Currently, I am self managing all the operations. LLC-A is a disregarded entity ...

The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.

However, in my situation my ...

Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax.  It is my husband, myself, and a partner as members of the LLC.  How much can we "pay ourselves" from the profit...

I submitted my information and filing fees to my Secretary of State through their online filing system. They e-mailed me an automated receipt confirmation.

Anything else I need to do? Do I need to file the Articles...

I currently leased my third property and will have my sister manage my properties for me. With that being said i dont know how much to give her monthly and does she need to be a licensed broker or agent to be able to ...

Can I deduct passive RE losses from nonbusiness income??  I was not aware of this.  Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...

Question for you successful investors. Sorry if it gets a bit lengthy.I am an investor/realtor, and I've been looking to ramp up my flip game. I have a meeting set up tonight with a contractor who I have used twice no...

My husband worked an employee for a medical device company for 20 years. In September he opened his own company to become an independent distributor. At that time we did not consider the implications it would have for...

I've operated my business as a straight single member LLC for the last 10+ years.  This year (2016) my income  was much higher and I figured it might be useful to looking into the S-corp designation with the IRS.  Wha...

Quick question --
I want to pay a friend to help me with some labor fixing up a house. I'm going to pay her by the hour. I don't want to pay payroll taxes or anything like that - I just want to give her cash for hel...