Ben Rice
Tax professional recommendation for a 9-5er with a 1099 also
Hey BP,I currently have a W-2 job and recently reworked a former 2nd W-2 job to be a 1099 contractor role. So now I have W-2 income and self earned income. This was to be able to write off my home office on my taxes a...
Thomas Ingrao
Child support and rental income
Has anyone dealt with child support and rental income? Properties are in LLCs with separate business bank accounts. Just curious if my earned income is the only income considered or if rental income is included even t...
Nagesh Pulipati
Does Cash Balance plan is subject to UBIT taxes?
Hi,I know that Solo 401K is not subject to UBIT, just want to make sure if Cash Balance Plan subject to UBIT?After doing some research I found that it is not, I want to double check with the experts.THANKS IN ADVANCEN...
Kasia Leville
Tax adviser specialized in foreign income
Hi, Can anyone recommend a good tax adviser with extensive knowledge of tax regulations regarding foreign income and assets, particularly avoiding double taxation and Foreign Account Tax Compliance Act (FATCA)? Prefer...
Brandon G.
SE & Payroll Taxes For Solo 401K
I'm researching the solo 401k. What I'm curious to know is do contributions made to this account bypass self-employment taxes and/or payroll taxes or do these taxes get paid regardless? Your input is appreciated!
Brandon Turner
SBA Loans for Flipping?
Hey, I've heard a lot of news lately about SBA Loans and the government's push on banks to do more of them. Has anyone done these? Especially, has anyone received any SBA Line's of Credit to be used for purchases/rep...
Bryan Proffitt
How is rental income taxed?
Going to close on my first investment and looking to get some good insight on how rental income is taxed and how to offset taxes as much as possible. Rent will be going to pay back LOC, to reuse and possibly use again...
Derek Caffe
Can you use your RE commission as an expense to pay down mortgage
My question is, can I combine my real estate sales business with my real estate investing business to pay off my properties with my real estate commissions? The goal being to decrease my taxable income and increase my...
David D.
Tax Out of State Income
If I live in CA and earn income from AZ (re sale or rent income, note sale or interest income) do I pay CA or AZ state taxes? Does it make a difference if assets are owned in an entity?
William Watson
Obtain LLC or use my name to purchase property.
BP , I have a question should I get a LLC when purchasing a rental property? Or should I purchase in my name. Does anyone have any knowledge in this area. Your help will be very appreciated thank you in advance.