I'll be investing in silver and gold soon. Do I need an entity? If so, what type of entity should be used?
I am new to real estate. I have not yet purchased a property so do I set up the LLC now or wait until I actually have a property?
Why do some people form their LLC in a state where they don't even do business?
I know from previous reading/listening that you typically consider the start of a rental real estate business as the day you put your rental property on the market for rent. Is there any flexibility with this?
When entering data on my Income Statement do I use my salary plus distributions or do I use the net monthly income from my company which varies from month to month?
When you transfer rental property into an LLC, is it considered a sale of property?
I just set up my LLC. I haven't received my debit card from the bank that goes with my LLC. I'll be doing a business trip this weekend. How do I charge as an expense to my LLC?
Do I have to file Form 2553 for my S Corporation? I incorporated in November 2012 and we plan to pass through our losses to our personal return.
When you have a Wyoming LLC that owns an Ohio LLC, which owns one rental property, do you file a tax return for each LLC separately? Does the LLC have to file a state tax return in Wyoming or Ohio?
I was talking to my CPA and asked him how I can get to my tax goal of paying less than $5,000 in taxes. He said I would have to get rid of $30,000 of income.