23 February 2014 | 9 replies
If so, you buy in Teddy LLC, and then sell to Teddy individually, the spread will be taxable ordinary income plus self employment tax, as the profit passes thru the LLC to you, unless the LLC is taxed as a Sub S.
9 October 2018 | 4 replies
I really know nothing about the rental market in Sao Paulo, Brasil, so I'd have to do my research.
1 January 2016 | 1 reply
I'm a new member from sao Paulo, Brazil.
20 May 2016 | 2 replies
Now I am in the process of searching for a CPA/tax preparer to help me minimize the impact of the depreciation tax as well as prepare my company's annual tax work.
29 January 2022 | 40 replies
@Val BerechetAt its simplest, you either pay the capital gains tax as a percentage of sales (25%) or net profit (30 or 35% - check for the latest figures with your tax advisor.In most situations, the net profit route will be the most advantageous just based on those percentages.
4 June 2024 | 9 replies
@Nathan Becker one thing to consider specifically in TN is the F and E tax as it relates to LLCs.
19 March 2015 | 28 replies
Alaska has no personal income tax as well.
23 July 2014 | 10 replies
Rolling the insurance premiums into the mortgage and amortizing over 25 years, your mortgage payment would be just under $400/mth {though I would recommend paying bi-weekly}.Let's look at the operating numbers:Scheduled rent: $750/mth $9000/yrVacancy allowance (10%): $75/mth $900/yrGross revenue: $675/mth $8100/yrOperating Expenses:Property taxes: $100/mth $1200/yrInsurance: $90/mth $1080/yrWater & sewer: $93/mth $1120/yrMaintenance (10%): $68/mth $810/yrProperty Management (10%): $68/mth $810/yr Total: $419/mth $5020/yrNOI: $256/mth $3080/yrDebt service: $372/mth $4464/yrCFBT: ($116)/mth ($1384)/yrYes some of my allowances may be conservative and I upped the property tax a little from what you mentioned in your post.
7 April 2014 | 15 replies
The exact dollar amount will depend on how much depreciation you took and your CPA will need to plug those numbers in and give you that final tax dollar amount.So if you decide to sell, you need to sell before summer of 2015 to escape the 15% capital gains tax!
16 August 2014 | 16 replies
I need to know what structure and what business model a foreigner has to adopt to be accepted by the IRS for purposes of paying similar tax as residents on rental income and property flipping.I would like to thank you for your time for having read my request!