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...
Ayodeji Kuponiyi
Seller Financing (who pays the taxes)
When using seller financing, is the buyer responsible for paying the taxes or does the owner pay for it until the payment is paid.
Gabe K.
Pay taxes before selling reperforming note?
Team, I have a note that is reperforming and now seasoned and I am going to sell it. The borrower is way behind on her property taxes and is not in a financial position to pay them. My question is: do I pay all the p...
Raquel Rieckehoff
Do you pay Pennsylvania quarterly taxes??
I would like to know if anyone pay estimated quarterly taxes to the IRS. I have an LLC in Pennsylvania and I buy and hold properties. Thanks in advance.
Joel Owens
What do you pay on taxes?
Looking for yearly averages other investors pay with their tax professionals.I pay monthly.It includes my LLC, my personal, and payroll taxes for my employees.The accountant mentions auditing and other functions are n...