I have a Single Member LLC where i have gave an initial capital. I do cash based accounting.My question is since the initial capital doesn't count as income correct? then when i transferred a portion of the initial ca...
The LLC did not purchase any properties but did incur expenses. Do I need to file the entity separately from my personal filing?
Hi,I recently discovered that my one HOA has been using the same CPA to file Form 1120-H for the Association's taxes every year at a flat fee of $300. I filed the form myself for 2018 and the entire process took mayb...
I have rental properties in my name due to the mortgage. The lender stated not to transfer the title. Ok. If I need to file any court cases, evictions, etc., is there any way to file under another entity versus using ...
hello allMy husband and I are closing on a property this week. We want to close in an LLC we just created. My question is, when i go to create the EIN number, the IRS wants to automatically make us a partnership. My a...
I've had a problematic tenant who I inherited when I purchased a investment property in October. In the last few months she became late, but always caught up with rent, in June she missed a payment completely and the ...
I use mysmartmove to do credit checks, background checks, eviction checks, etc. Should I still require a separate application and/or should I require SSN#'s on file to continue to check on tenants?
i have one investment propertyits a partnership ' but not now on an llc,QUESTION do I need to file an 1065 and put in in my personal tax return a k1or can I just fill in schedule E on my personal return , and not file...
Hello BP Nation - the thread title says most of it. I"m in Colorado and a business mailing address and the name of the person filing the annual report are required as is probably the case in most states. I two LLC's a...
Hi, all. Here's a question for the tax pros. My grandparents left rental property in a trust, of which i had a share. (The property is in CA, if it matters.) In March of '21, the trustee transferred title of the prope...