Joshua Davidson
Payroll question in regard to Disregarded Entity owned by S-Corp Holdco
I am looking to setup payroll for myself out of my company, call it LLC #1, and LLC #1 is owned by Parent LLC which I am looking into doing an S-Corp Election for. What I am unsure about is if the whole 60-40 rule aro...
Paresh Patel
We CAN fight the mendacious 'Cancel-Rent' movement! JOIN US! !
For the moment, the best thing we can do is collect here:
https://www.facebook.com/group... [ https://www. facebook.com/groups/BoycottCancelRent]
With this group, as we grow, we intend to share resources, engage e...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...
Nghi Le
Is S-Election Necessary for High W2 Salary
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Patrick Sears
Opportunity Fund tax question
Hello,Wanting start an Opportunity Fund to buy and hold SFR property located in Opp Zone. Planning on it being single-member LLC (taxed as corp, not partnership) for now to get started. From the reading I've done it...
Jonathan W Dowling
Formal Education or Time?
I have an interesting question to all/any and prior military folks. I am a “Licensed Reactor Operator” Licensed by the Nuclear Regulatory Commission. I am contemplating getting my Bachelors Degree in Bachelor of Scien...
Cassidy Burns
15 or 30 year loan??
Hi BP,I am pulling the trigger on another rental property. A duplex. Based on the numbers it looks like it is just going to hit the 2% rule. Purchasing for $31,500 w/ $1,500 seller credit and potential rent is 400-...
Andrew Postell
Refinancing your Fannie/Freddie mortgage will cost more now
Back during the housing crises there seemed like an almost daily update of companies going under, job loss, foreclosures, etc. And while we aren't there we had a pretty big announcement today after Fannie Mae and Fred...
Dean I.
Offsetting Flipping Taxes with Passive Rental Income?
So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actuall...
Richard Z.
How to reduce self employment tax for flipping project with partners?
It’s been a while didn’t come and post here.:-) hope everyone has a wonderful 2013!
I did a project in 2012 with other two partners (one active on passive no salary for both). By the end of the project I took a small...