Nicole A.
LLC tax refund mixed with your personal tax refund
I wanted to know if I'm the only one that asks this of my tax guy.Since our LLC is a "pass through" type of entity, any refund during tax season is put on our personal returns. Each year, I ask him how much of that re...
Terry Lee
Help.. I don't want to be personally responsible for the taxes
My wife and I recently started looking for properties to wholesale in Arizona. I planned to set up a new LLC to protect our personal assets and avoid the personal tax implications associated with the money earned in ...
Padam Neopane
Tax Return for Rental Property
Hello BP Family,My CPA has filed combined rental property LLC to my personal property . When I asked to file LLC account separately from my personal tax return, he says it is not necessary.
Jason Goldberg
Moving rental prop to LLC
Hello all,
I have a condo that i purchased 3+ years ago that i lived in for 2 years as a primary residence and then moved to a new house and now rent out the condo. I am currently renting the condo and unfortunatly ...
Shirley Sears
Newbie to Flipping houses
I’m a newbie in flipping house. I’m familiar with taxes but unsure how to file this flipping business. Do I file schedule c or 1120s? Do not want business attached to my personal taxes.
Jason P.
Looking for an amazing Tax Attorney or Tax person
So I used to have an amazing tax attorney in SF and he retired unfortunately. Then I had another great tax guy but he went to prison because he laundered money for the Russian mob. Sooooo. I need a good tax person. P...
Paige Rob
LLC's and taxes advice
Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive repo...
Gene Mitchell
Self Directed Checkbook LLC IRA 1099-DIV forms
I have a self directed "checkbook" LLC IRA. The LLC has a bank savings/checking account as well as a brokerage account to hold funds until they are needed for an alternative investment. The LLC received a 1099-int fr...
Brian S.
Is Schedule E and/or C required?
Hi All, I have an LLC and recently completed my K1 return for my LLC. My question is, for my personal tax return, do I need to complete the Schedule E and/or Schedule C? Or is this not required for my personal return,...
David Pierce
Taxes
my brother and I recently closed on a triplex through 1031 funding from another investment.....how hard would the taxes be to do? We met with Perkins in Portland and got quoted 2500 bucks just for the business side o...