Joshuam R.
Florida LLC 2 member taxed as S-corp
Any one doing it this way if so, any good info or lessons learned would be appreciated.Had our LLC few years, (stagnant/not used), have not selected S-corp or C-corp with IRSFrom what I gather best form will be S-corp...
Scott Raley
Self Directed SEP IRA - Company Recommendations????
I'm in the process of evaluating two Trust companies with San Francisco Bay Area offices to convert my tradition SEP IRA into a Self Directed SEP IRA. I've narrowed my seach down to two companies. One is IRA servic...
Justin Denham
Income shifting to kids
I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
Tony Capra
High taxes with 1099 income
Hi everyone, I am paying big taxes (my opinion) with my 1099 income. The CPA really has no good advice besides home office deductions and IRA contributions. There has to be a better way. To all of my smart friends,...
Ben Risley
Milwaukee property managers!
Hello all! As I am starting to acquire more investment properties around the Milwaukee area I am starting to become overwhelmed with all the work involved with it. Currently, I am the handyman, general contractor, lea...
Dan Bosak
Hire Property Manager or Hire Employees?
I have been self managing my properties but now with > 50 units and growing, I am at the point where I need to either hire a 3rd party property manager or hire employee(s) to basically create my own. Any suggestio...
George Paiva
What Version of Quickbooks to go with???
Didn't realize the different types. I have multifamily properties and was looking to step up from Quicken Rental Property Manager. I was browsing the Quickbooks website and see there are a number of products.
Whic...
Philip Johnson
How to structure my LLC
Hi,I have numerous rentals and rehab them as an owner /builder and do a lot of the work myself but also hire out some of the work. To protect myself I am thinking about making an LLC only for operating the rehabs and ...
Tandi H.
Help me choose between tenants
Candidate 1:Single guy, employed 4 years nearby, lots of connections in neighborhood, one cat. Pros: Looking to rent long-term/indefinitely, doesn't plan to move as he wants to be in this neighborhood. He has been a...
Tyler Olson
First Time Flipper - LLC or S-Corp business ?
Just starting to get my feet with in flipping. Prior to getting under contract, is a LLC or S-Corp a better business plan for flipping? Would it be same for rental properties?