Kade Hawkins
Spousal solo 401k salary deferral deposit deadlines
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
Derrick Moody
Section 8 Housing
So I am interested in converting my home to section 8 once I put it up for rent. My question is how do I do this or what is the process and then secondly is this a good strategy for attracting and maintaining long ter...
Adna Rubio
Good Info! - Avoiding an IRS Tax Audit By Kevin J. Bassett, CPA
As I continue researching the world of real estate investing and with the IRS April 15th date still fresh, I thought I would share this great article by Raleigh-Durham CPA, Kevin Bassett, who specializes in real estat...
Susan K.
Q on deferred salary to a Solo 401K
Hi Everyone,We are business owners (construction co) classified as S corp, 2 members - paid with W2 income from the business.We deferred salary for 2024 to a Solo 401K. Are we required to pay FICA tax on the deferre...
Christa LaFlam
C-Corp or S-Corp
My husband and I set up our business as a C-Corp, in order to take advantage of the tax benefits/write offs as well as the asset protection that the C-Corp allows for. However, the first year I went to have the busin...
Josh Garner
How to Structure Flip Profits, Minimize 2019 Taxes
I'm looking to sell a flip in spring 2019..... I'll have about 150k of my own cash into it and I hope to sell for around 200k. I'd like to not have all that extra income on my personal taxes for 2019, but I'd also lik...
Jenni Utz
House Hacking with Multifamily Properties: A Game-Changer for Real Estate Investors
When it comes to real estate investing, one strategy stands out for its ability to build wealth while significantly reducing your personal living expenses: house hacking with multifamily properties. If you’ve ever won...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Julio Gonzalez
How Cost Segregation Can Benefit Your Estate Plan
Many of us are familiar with cost segregation studies and how they benefit real estate property owners. But have you ever considered how beneficial they can be as a tax strategy for estate planning? Cost segregation r...
Jason Wilde
Rental Expenses and AGI
Hello. Long-time lurker here. I'm hoping that someone here can help me.I'm trying to estimate my AGI (assuming rental income only), but am struggling to find straight answers. I have my lease agreements set up where I...