I believe I've seen people here mention that they use an S-Corp to flip. I asked my accountant and he said there was no tax advantage to this (vs. an LLC). So I was wondering what the rationale was for the S-Corp.

This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.

Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors

2024 update: While not directly related...

From what I've read on the Biggerpockets Forums in the US section, an LLC is the most popular for the liability protection, and the tax structure, and has less accounting headaches than a C Corp. However....here in C...

I went to the NYS site and it was straight forward. Awaiting confirmation of name etc.  Says I need to post in 3 newspapers?  Not sure where to go from here?  Thanks

so, recently i was told that even though im in wisconsin,  the best state to register my LLC in is nevada.  Speciffically because the corporate veil is much much harder to pierce.  to the affect of the only way to pie...

I have a commercial 6-plex that is in the name of a LLC. I just went the courthouse to try and file an eviction for non payment of rent and someone there told me that I HAVE to have it done by a lawyer because it's in...

I registered a corporation in the state of Delaware this year and just filed DE's annual report and franchise taxwhich form I need to file for federal tax? is it 1120 only?I don't have any sale for the year 2021 so th...

When I apply for an EIN for my mulit-member LLC the IRS classifies it as a partnership by default. It says their are addition forms you can fill out if you don't want it to be classified that way. My wife and I are...

I’m just beginning i want to learn more about doing corporate housing with insurance so looking to network 

I started an LLC for my wholesale business and later for when I acquire rentals, what federal tax election should I pick, a sole proprietor or corporation? I’m the only person in the company