Account Closed
landlord's will need to prepare 1099s
Under the new legislation designed to help small businesses was a small add on that is now going to require landlords to issue 1099s to any contractor performing services like repairs over $600.
http://www.allbusines...
Mary Joe
Florida law for transferring ownership - need advice
Hello, can someone tell me what is the best way to transfer ownership of a property from a C corp to myself personally ?
I own 100% of the shares of the C corp. I own the property free and clear.
I und...
Laura Smith
LLC? Tax advantages? Write offs?
So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can s...
Andrew Gomez
Questions about covering property taxes with depreciation
I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...
Sharon S.
Investing Advice – Newbie in search of deal and ethical-professio
Greetings fellow BP investorsNewbie here that has been reading blogs, listening to the podcast and attending the webinars. What a wealth of information. Thank you!I was introduced to a realtor that deals with corpor...
Peter Seely
The dreaded tax questions begin
Hi All,
First I will start of by saying I will reach out to my accountant but I wanted to at least know what to ask and have an idea what I am talking about....maybe with tax I am dreaming...
My question is, I have ...
Skyler Holloway
Business Formation - LLC vs S-Corporation
For two partners looking to BRRR into long-term business (5+ years) in Nevada, which option is best?
From what I can tell, LLC has lower annual fees, same liability protection, and a bit more flexibility during mana...
Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
Bought a rental property in LA County, CA back in April 2018. Rented until Sept. 2018. Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...
Tony Bandinelli
Capital Gains and Business Entities
Hello everyone, I am trying to get somewhat of a plan together before I jump into this. If I have no business entity at all and buy a house in my name and do a flip, how would the capital gains tax hit me? Versus if...