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All Forum Posts by: Trent Ross

Trent Ross has started 1 posts and replied 2 times.

Post: Questions regarding tax

Trent RossPosted
  • Rochester, Victoria
  • Posts 2
  • Votes 0
Originally posted by @Bram Spiero:

From what I've heard, you're better off paying out dividends which are subject to capital gains tax as opposed to pulling a salary that is subject to employment and income tax. Ask a CPA about that difference.

 Thanks for the tip! I'll look into that.

Post: Questions regarding tax

Trent RossPosted
  • Rochester, Victoria
  • Posts 2
  • Votes 0

Hi,

I'm looking at getting into REI in the US from Australia.

Is it worth have a CPA manage the tax sides of the LLC's that I will be setting up for my properties? If so will the same CPA generally manage all the LLC's?

Also what method do you use to transfer funds from your property LLC's to your 'main' LLC, do you just call it a management fee and bill the child LLC's?

I've also heard that you shouldn't you LLC funds for personal reasons, to get access to those funds do you give yourself a salary and pay normal income taxes on them?

Thanks,

Trent