Currently my husband and I have an LLC and we partnered with another LLC to purchase a property. Both LLCs are listed on the loan. My tax accountant is saying we should pick just one LLC to use for the property (and...
Looking for a CPA in south western PA. To help do taxes for an LLC. Any suggestions are welcome. Preferably, specializing in Real Estate.
Thanks.
What are some good questions to ask a tax preparer when it comes to rental property strategies? Do anyone know how to keep up with their tax liability throughout the year?
Hey guys, Im looking for some honest advice on REI software. I don't really know too much about it but I would like to learn more and essentially figure out if its worth it? Thanks
Hi,
We sold the commercial building and paid off the bank loan, plus personal money to close the deal.
1). Is this company expense?
2). How do we show bank loan pay off and our personal money?
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Hi, my name is Tina and I am a teacher that is approaching retirement in Illinois. I am in the process of building a rental portfolio to supplement my retirement pension and would appreciate any pointers concerning ta...
Hi I am currently seeking a great accountant in the Pittsburgh area that knows the ins and outs of real estate taxes and codes etc. Someone who is easy to work with and will be able to help me make a great tax strate...
I’d like to get some input regarding whether to finance 3 rental properties under 1 loan or 3 individual loans (2 sfh and a triplex). I’ll save on closing costs by using 1 loan but I like the idea of having 3 loans fo...
I came across a property and taxes for that are low. The seller said he will create a new llc and transfer the property to that llc, then I can buy the llc. This way the state will not reaccess property taxes. Is it ...
Hello, I just purchased my first duplex last month. What is your practices for preparing for tax season?Should I scan all receipts, keep in a folder on my desktop? or keep a binder of all receipts?Is excel good a goo...