Hi BP community,Does anybody know how the self employment tax works? I know it's 15.3%, but does it apply only if you have an LLC? And what if you currently have a full time job? Thanks so much in advance!

My best friend asked me a couple of questions that I simply didn't have answers so I thought to post them here in hopes of getting some clarity.  Question about if I'm allowed to keep working at my own company (for fr...

I want to move to LA - but instead of blowing my whole paycheck on a closet-sized room, I thought of working a deal as someone's property manager to work to pay for my rent. To be honest - not entirely sure how it'll ...

Just curious as I'm using the fix and flip calculator, but what's the least amount of profit you'd want to make on a home where the ARV would be $200k? I'm just trying to get an idea of what's a good deal or not for f...

I have the option of being hired as an employee or independent contractor. I am wondering if any local accountants or CPAs in the DC / DMV area have any advice as to which I should choose. I am going to a direct lendi...

I am currently deployed out of the country and have been working diligently to find my first investment property (I had already planed to utilize deployment money for this very moment).  I found an area, and propertie...

So I just graduated from Florida State University with a BS in economics. I've been interviewing for different jobs in sales and I think I've locked down a pretty good gig in Ft. Lauderdale, FL in sales and recrui...

Hey guys!This is going to be a long one, so bear with me here! My background is in engineering. I have worked at 3M in St. Paul MN for the last 3 years, and really enjoyed my job and made an amazing salary. I went thr...

I've been in business for 2 years, and have reached the point where I've consistently been remodeling at least 2 homes at any given time. My average is 3 homes being remodeled for rental or flip at any given time. Tha...

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 ...