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!

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 ...

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...

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...

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...

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...

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 ...