Owen Franks
Buying Foreign Real Estate via corporation - Will this be a PFIC?
Hi all,I’m a US Citizen but we are stationed in the UK. From a UK tax perspective it’s better (by far) to buy new rentals via a Limited Liability Company. But I’m concerned from a US tax perspective that owning a fore...
RJ Dixon
Can I fight a underwriter ?
Hello BP! Here is my situation. I currently have under contract 2 homes free standing being sold together, on the same parcel and tax deed. Credit,Debit to income and cash are good. We were denied because the underwri...
Reggie Draper
Needing my first line of credit..
Hello All,
I am new to the forum and I am new to the real estate investment business. I have made a few contacts and I have talked to many people about my interest. It seems that the first thing I need to do is get...
Colton Joseph
Best company structure for my situation?
Hello, and thanks in advance for reading!I am a real estate investor in Central Texas, and have thus far been a Sole Proprietor come tax season. We are starting a new family business constructing, and selling Spec hom...
Steve Davis
Do I need to set up a new corporation for each rental property?
Hello Bigger Pockets, I buy, build, and sell houses through my current corporation that we will call ‘buy&flipincorporated’. ‘Buy&flipincorporated’ only performs flips and owns zero rental properties. I am cl...
Michael Plaks
DEADLINE: Jan 31st to send your 1099 forms
Should you even bother?
Your first question might be – why should I? Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom...
Jon Taylor
I own the business and the building (2 LLCs)
Hoping you tax strategists can help me think through this…I am the owner of a business and the only member in a separate LLC that owns the building.I am in a position to be able to decide how much rent the business te...
Erick Acosta
LLC vs S CORP ? I’m a newbie investor.
LLC vs S CORP ? I’m a new investor who lives in Los Angeles. I’m looking to start Fix n Flipping in the Ohio market. Should I go with LLC or S Corp when investing in out of state markets ?
Mary Smith
S corp $800 fee in California
I have a new S corp, formed in 2017. In March 2018 I paid the required minimum of $800 fee to Franchise tax Board for the year 2018. Recently, they sent me a refund of $800. I am confused, why I got it.Thank you!
Adam Byrne
MultiMember LLC, taxed as Partnership question
Hi BP!I am a partner in a multi-member LLC, taxed as a partnership. Since I'm actively managing, I pay myself a management fee and 1099 myself at the end of the year. I like to show the income to season my tax returns...