Costin I.
Medical Expense Reimbursement Plan, anyone?
Does anyone have experience with setting up a Medical Expense Reimbursement Plan ?Also known as: Health Reimbursement Account (HRA)Health Reimbursement Arrangement (HRA)Health Reimbursement Plan (HRP)Medical Reimburse...
Seidy Lasker
Does vehicle title have to be in S-corps name to take Sec 179?
Does a vehicle title have to be in S-corps name to take sec 179? If the business usage is only 60%, are you only allowed 60% of Sec 179 or 100%? Are leased vehicles allowed sec 179? Can you take Sec 179 through a reim...
Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
Luke Tetreault
Flip house options
We are fairly new to real estate investing and we have done multiple BRRRRs and just listed our first flip for sale. After doing more research and talking with our CPA, we will owe about $30,000 in capital gains tax. ...
Brian C.
Fix & Flips Tax Strategies - Am I missing anything??
My two partners and I recently formed an S Corporation with the goal of generating cash flow from fix & flips so we can reinvest the profits into long-term rentals. We decided on an S Corp so we could reduce SE ta...
Eric Veronica
Writing off business expenses as W-2 employee
Wondering if anyone has been as negatively impacted by the new tax laws as I have and looking for a solution. This question is directed towards other CPAs, loan officers or any other commission employees who are paid...
Michael Plaks
Reducing or eliminating capital gains: NO, it's not simple!
How do I deal with capital gains? - this is one of the most frequently asked questions on this BiggerPockets forum. The minute it is asked, investors jump in suggesting their pet strategy such as a 1031 exchange or a ...
Joshua Davis
LLC structure help needed
I am starting up my LLC with my wife and am wondering if we need separate LLC to manage the assets from the LLC as property investment?I have one property paid off and second property under a mortgage which I want to...
Kris Zabish
Can a S Corp use real estate to help with taxes?
Hey BP! I work for my brother who owns a rental company for heavy equipment in Sacramento. We are getting killed with taxes and fees for the equipment we own. Is there a way to use real estate for some tax relief? If ...
Lisa Marie
Home office reimbursement for LLC members (taxed as partnership)
Hi, my husband and I are the only two members of an LLC (partnership status for tax purpose). The LLC owns a property outside the state where we live. We have a dedicated office in our primary home that we use exclu...