Mike B.
CPA - Tax strategy and how to pay little taxes
Ive been reading into the Robert kiyosaki / Tom Wheelwright Podcast lately and i'm intrigued into being able to convert business income to passive income and potentially paying as little taxes as possible , I wont g...
Mukul Patil
Are fees incurred while paying Property Taxes tax deductible?
Hi, This is for a rental property. I paid using a credit card and the county charged me a service fee. This fee would not have applied if I had paid using a bank account.Can the service fee be deducted as part o...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
James Taylor
Who do i pay taxes to?
do i live in Norway, can i just buy a house and flipt it and then sell it?And do i pay taxes to the US or Norway on the profit?
Donovan Lietch
Tax Consequences of Paying out investors
Hello, I'm looking to recruit investors in a house flip, similar to a crowdfunding scenario. So my question is whether there is any tax liability to those investors.Assume one particular investor gives me (or my LLC)...
Terry Royce
Paying Transfer Taxes on a Wholesale
I was talking with a friend who works at a title company here in MD. I was asking him about assignment contracts and he said that alot of companies don't do them because it can get THEM in trouble. His reasoning was t...
Jay Elvin
Paying your kids for tax purposes
For those of you who pay your kids out of your business, do you use an HR/payroll company? I've looked into Gusto. My accountant recommended putting it through payroll. Gusto is about $45/month.
My plan is to st...
Steven Libman
Paying Less Taxes via Commercial Investment
You Too Can Pay Less in Taxes!
When I first started my entrepreneurial journey, I used to think of CPAs, accountants, and the IRS as the necessary evil that I just have to deal with. Ten years later, I understan...
Eric Miller
Who Typically Pays the Transfer Taxes?
Hi All,I've been going back and forth with negotiations for a lease option and I was wondering if anyone can shed light on who customarily pays for transfer taxes when a home is being sold (through lease option if tha...
Diego Torres
Scenario: Where do I pay taxes?
I just bought a 4 unit commercial property (small strip mall) cash out of state, I understand that I will be paying property tax in the state in which the property is located. Now I'm going to rent out the units, wher...