David Cheung
C Corp vs LLC
I would like suggestions on which incorporation vehicle is best for me in Florida I currently have a FL LLC to use for making hard money loans or flipping properties. I plan to buy and hold a 10 unit multi family ap...
Mark Barnes
LLC or S-Corp for REI business with partner
Hello BP, I'm curious if you could provide some insight into the better entity to form for REI. Would it be better to form an LLC or an S-Corp? I hear with an LLC the directors can still be targeted in lawsuits. Is t...
Michael Plaks
Monday Sept 16: the IRS deadline for Partnerships and S-corps!
September 16 deadline (delayed one day since Sept 15 this year is Sunday) applies only to
Partnerships (including some multi-member LLCs) that filed a 6-month extension request on Form 7004 on March 15S-Corporations ...
Adam Craig
Do I have enough protection?
Do I have enough coverage for my 12 rental properties
All properties are under a LLCMy home insurance covers up to 1MIL per occurrenceThey are managed by a professional management companyNot exactly sure if I am sti...
Stephen Chittenden
Need a tax accountant ASAP
Our tax accountant of several years has ghosted us. She filed extensions in March and April for our partnership return and personal return, respectively. She and her partner have ignored multiple emails and voicemails...
Patrick O'Neill
Philadelphia CPA/Accountant referral
Hey BP,I was hoping that someone in the Philadelphia can recommend a good Accountant that knows real estate and whom which you have had good experience working with.Feel free to reply here, inbox meThanks and happy re...
David Janash
How much do tax deductions, and amortization help
If you're into a REI for the appreciation and the cash flow is minimal, how much can tax deductions, and amortization actually help you on your personal returns - what are some basics math figures one can use to do so...
Joseph Shaggs
tax implications of deeding title to property
Hello! What are the tax implications of an individual deeding the title of a property to a partnership or corporation? Specifically, if the title to a property is in my name and I deed it to an LLC (setup as a partn...
Jess White
What rental REI expenses can I deduct while still a W2 employee?
I am currently still a W2 employee while building my real estate business out of My question is this, what can I write off on my taxes while I am still a W2 employee and not considered a "Real Estate Profressional"? I...
Tyler Derickson
Lender requesting future tax returns
I'm in the process of negotiating through a loan and the lender is requesting us to provide all FUTURE tax returns for the entity purchasing the building, all personal returns for investors associated with the buildin...