Jochy Perez
LLC doing business in another state
Hello,Before I go down the road, I want to run this by you guys for advice.I want to file an LLC in NH, however, it will be doing business in MA (purchases, rehabs, rentals, etc).Are there any tax complications or leg...
Anas B.
Tax Considerations for Flipping
Hello all,
What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).
Would my tax planning differ in each of the t...
Zak Klobucar
Tax Deduction General Questions
Just wanted to get some general information on tax deductions...nothing in depth, want to make sure I'm not completely off with my analysis.
When buying a property, there are a lot of items that can be deducted at t...
Sandra Shpilberg
Legal Structure: LLC or C Corp
The first property I bought, I bought it titled to my Revocable Trust. As I grow my portfolio, am I better setting up an LLC or a C-corp? I'm interested in your experience with either type of entity.
Fahadbin Alam
How can I get a LLC?
1. Do I need to talk to a lawery about this or can I do it on my own like online? 2. is there a cost to a LLC?3. How does tax benefits work with an LLC? should I hold all my reciepts? and should I use a app?4. How doe...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
I'm hoping a tax expert can answer this question I have. In my current job, I make close to the fica cap which my employer pays both employer and my portion as the employee. I only contribute the matching 5% to my 401...
Samuel Oltman
Florida Real Estate CPA - Where to find a good one?
I will be purchasing a Single Family home this summer with the intent to house hack (with college students). With all of the financial changes that will bring, I want to get started right and find myself a Real Estate...
Kristi Hill
Rental Property being sold at a gain in utah
I bought a property for a friend in 2005. She rented if at cost of the mortgage payment due and I made no money off of her. She moved out in March and we have had to do extensive work to get it ready to sell. It will ...
Chris Habets
Canadian Corporation and Capital Gains Changes
So, Monsieur Morneau has announced changes to private corporations and to the capital gains tax - but no real details. http://www.cbc.ca/news/politics/morneau-tax-change... I'm assuming this will effect a lot of us he...